CHICAGO — Auctus Capital Partners is pleased to announce its role as exclusive advisor to NRG Controls, Inc. (“NRG Harrisburg”) and NRG Controls North, LLC (“NRG North”), supporting the leading building automation system integrators in completing a majority recapitalization by an East Coast-based private equity firm.
“It was a pleasure working with the NRG team through this transaction, which will enable long term growth and opportunities to enhance core offerings and pursue geographic expansion,” said Muhammad Azfar, Auctus Managing Partner who led the transaction.
NRG Harrisburg and NRG North have been trusted leaders in the industry for nearly 50 years, partnering with education, government, healthcare and commercial clients to provide a comprehensive suite of building automation technology solutions, including energy, security, lighting, and life safety control systems.
Since 1976, NRG has provided its customers with comprehensive solutions that reduce facility energy costs, enhance occupant comfort, and optimize facility operations with a track record of growth and commitment to customers across Pennsylvania, as well as parts of Maryland and New Jersey.
“We were extremely impressed with the deal team at Auctus and greatly value the guidance and support provided,” stated Steve Bernas, Managing Partner of NRG Harrisburg. “Together, we will leverage our combined resources to ensure the highest standard of service continues with accelerated growth and broader reach.”
“We are excited to rejoin forces with our counterparts in Harrisburg,” commented Brian Scandle, Founder and President of NRG North. “The synergies between the two companies are evident, and the combination will allow us to expand as we move into our next chapter.”
Auctus Capital Partners advised both NRG Harrisburg and NRG North throughout the transaction, and the deal team included Managing Director John Dilatush and Director Ovais Siddiqui.
For more information, visit https://www.nrgnorth.com/.
About Auctus Capital Partners
Auctus Capital Partners is a leading financial services and investment banking firm focused exclusively on creating value for the lower middle market. We specialize in merger & acquisition advisory, institutional private placements of debt and equity, financial restructuring, valuation, and strategic consulting. Our senior bankers have deep domain expertise across a range of industries, with the necessary foresight to navigate highly-complex transactions to maximize value and achieve optimal outcomes for clients. For additional information, visit www.AuctusCapitalInc.com.
About NRG Harrisburg
Founded in 1976, NRG Harrisburg is a leading provider of mission critical building automation systems, specializing in controls for energy monitoring systems, HVAC systems, advanced lighting systems, and security systems. Offering a diversified and essential solution suite for education, municipal, healthcare, and commercial facilities, NRG Harrisburg is a critical partner to over 150 customers across the Pennsylvania and Maryland markets.
About NRG North
Spun out of NRG Harrisburg in 2005, NRG North is a leading integrator of mission critical building automation systems and fire & life safety solutions to customers in Northeast Pennsylvania and New Jersey. NRG North offers a comprehensive suite of installation, retrofit, repair and maintenance services for over 150 customers across education, healthcare, commercial, and government end markets. To learn more, please visit nrgnorth.com.
