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Energy Solutions is a leading global supplier of pipeline management software for the oil and gas industry. It develops and provides software solutions for the design, operation, and commercial management for the global midstream and downstream oil & gas market and is a market leader in automated pipeline leak detection software solutions. Founded in 1976 and headquartered in Houston, Texas, Energy Solutions serves more than 500 clients in over 50 countries through its offices in the United States, United Kingdom, United Arab Emirates, India, Singapore, China and Canada. Energy Solutions was acquired in 2010. |
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GoodCents develops and implements energy efficiency and demand response programs for electric utilities. GoodCents develops the marketing programs, manages call centers, performs customer enrollment and implements utility mass market demand response and energy efficiency programs utilizing its own field workforce. Over the last 30 years, during which GoodCents has pioneered and refined these services, GoodCents has supported approximately 300 utilities throughout the United States and Canada. GoodCents is headquartered in Atlanta, Georgia and has field offices and current operations in eighteen states and the province of Ontario. GoodCents was acquired in 2007. |
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Infrastructure & Energy Alternatives, LLC is a newly formed venture chartered with building a diverse portfolio of energy and water infrastructure service companies. IEA was formed and is led by Paul M. Daily, a 30 year veteran of energy construction services having previously served as the CEO of InfraSource LLC, an energy services unit of Quanta Services, after leadership stints at Willbros USA and Earth Tech, Inc. We will seek to expand IEA into a number of complimentary infrastructure markets including fossil and renewable generation, water and waste water infrastructure, and related environmental services targeting these sectors. This strategy leverages a number of capabilities we have developed over the years around managing engineering, procurement, and construction ("EPC") businesses, helping to merge and integrate acquired businesses, developing leadership and executive talent, and providing financial support for surety and other growth objectives. IEA’s initial acquisition was White Construction, Inc., a leading heavy civil and EPC contractor in the fossil and renewable energy markets. |
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Integrated Pipeline Services was formed through the combination of Snelson Companies and Sheehan Pipe Line Construction Company to become one of the largest union pipeline EPC companies in North America. It is a leader in the engineering and construction of cross-country pipelines, gathering and midstream pipelines, gas distribution systems, compressor, pump, and meter stations, storage facilities, and pipeline integrity and maintenance. IPS was formed in 2008. |
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OpTerra was established to acquire and integrate regional energy service companies (ESCOs) with the objective of developing a fullservice ESCO with a national footprint and a comprehensive set of technical capabilities to provide energy efficiency and clean energy solutions to public and private sector customers. We are sponsoring a senior management team with extensive experience in acquiring, integrating and managing companies in the construction and utility service industries and will work with this team to target and acquire suitable regional ESCOs. OpTerra acquisitions include Aircon Energy, LLC, Energy Control, Inc. and Bluestone Energy Services. |
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Caminus provided software to the power and gas trading industry. Caminus Corporation was formed through the combination of several companies, including Caminus Energy Limited, ZAI*NET Software Inc., Positron Energy Consulting, DC Systems, Nucleus Corporation, and Altra Software Services, Inc. Caminus software provided the portfolio and risk management capabilities which participants in the volatile competitive energy markets require. Caminus was formed in 1998, went public in January 2000 (NASDAQ: CAMZ), and was acquired by SunGard Data Systems in April 2003. |
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Cannon develops and sells measurement and control products that help utilities improve the utilization, reliability and cost effectiveness of their transmission and distribution systems. Key solutions provided by Cannon include automated metering infrastructure, demand response and load control and capacitor control systems and software to improve reliability, relieve bottlenecks, increase the automation of operations and maintenance, and improve customer service. Cannon was acquired in 2005 and sold to Cooper Industries in August 2006. |
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Cherokee was a leading designer and manufacturer of custom power supplies for original equipment manufacturers, or OEMs, in the telecommunications, networking, high-end workstation, and other electronic equipment industries. Cherokee's products regulate and filter utility power and convert it into a form used in sensitive electronic equipment. Cherokee was acquired in 1999, went public in February 2004 (NASDAQ: CHRK) and was acquired by Lineage Power Corporation in November 2008. |
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Elgar Electronics is a leader in the design and manufacture of AC and DC programmable power supplies, Elgar's products are used in designing and testing power-sensitive electronics that must operate in environments where power quality is uncertain. Elgar was acquired through a series of investments commencing in 2000 and was sold in March 2007 to Xantrex Technology Inc. |
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At the time of acquisition in 2007, Elgin was comprised of three divisions: Roberts & Schaefer, one of the leading engineering, procurement and construction (EPC) companies for bulk material handling systems serving the coal mining and power plant industries; the Elgin Equipment Group, which designs and manufactures coal and other raw material processing and handling equipment; and the Elgin Fastener Group which designs and manufactures specialty fastener products. Roberts & Schaefer was sold to KBR, Inc. in December 2010. The Elgin Equipment Group and the Elgin Fastener Group where sold to an investment fund managed by the Audax Group in 2011. |
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Genscape provides real time information on the operating status of the North American and European electrical grids to energy traders, system operators, regulators, state and federal governments, and others. It continuously collects information about the status of the most significant power plants and transmission paths in the United States and Continental Europe through networks of sensing devices that remotely measure the power flows of key transmission lines. Genscape was acquired in 2003 and sold in 2006 to an affiliate of DMGT, a London stock exchange listed company whose other assets include the Daily Mail Newspapers. |
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GT Solar is a leading provider of essential technology, equipment and turnkey manufacturing solutions across the photovoltaic and white LED supply chains. Based in Merrimack, New Hampshire, GT’s products include equipment used to produce multi-crystalline solar wafers, cells and modules; equipment to produce polysilicon, a material from which solar cells are made; and equipment to produce sapphires, a key component in the emerging white LED market. GT was acquired in 2005 and went public in July 2008 (NASDAQ: SOLR). |
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InfraSource was one of the largest national providers of infrastructure services to the electric, gas and telecommunications industries. The Company operated in three distinct business segments: (i) turnkey design, engineering and construction services for high-voltage electric substations and design and construction of aerial electric transmission and distribution networks; (ii) installation of underground natural gas, electric, and telecommunications lines; and (iii) operation of a dark fiber leasing business for the telecommunications industry. InfraSource was acquired in 2003, went public in May 2004 (NYSE: IFS), and was acquired by Quanta Services, Inc. in August 2007. |
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LineSoft was a leading provider of software and contract services that utilities need to design, construct, and manage electrical transmission and distribution systems. In addition, LineSoft software helps utilities analyze and manage the engineering, financial, and administrative implications of joint use of utility poles, conduits and rights-of-way by communications and other infrastructure. We invested in LineSoft in 2000 and the company was sold to Itron Corporation in 2002. |
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LODESTAR provided energy software products which address such critical back office requirements for energy market participants as pricing, complex billing, load analysis, and settlement. LODESTAR was the leading provider of such software with over 120 customers, including major investor-owned energy utilities, energy traders and marketers and regional independent system operators. We invested in LODESTAR in 2001 and the company was sold to Oracle Corporation in June 2007. |
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Longhorn owned a 764-mile pipeline designed to transport refined petroleum products from the U.S. Gulf Coast refineries to terminals in Odessa and El Paso, Texas. This pipeline was completed and put in operation in 2004 following our investment. It provides the last link in a pipeline system which connects Texas refineries with the Southwest U.S. retail market. We were a lead investor in the consortium which controlled Longhorn, investing in 2003, until the Company was sold to Flying J Inc. in 2006. |
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NORESCO is one of the largest and most experienced energy service companies in the United States. The Company provides comprehensive energy-management related design, construction, financing and operations solutions for capital projects in the education, institutional, government, public housing, healthcare, commercial, and industrial sectors. Over the past two decades, NORESCO has implemented more than $2 billion of energy projects at more than a thousand sites throughout the United States and abroad. We acquired NORESCO in 2005 and it was sold to Carrier Corporation (a part of United Technologies) in 2008. |
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Power Measurement was an energy information technology company and a leading provider of enterprise energy management systems for energy suppliers and consumers worldwide. The company's ION® web-enabled software and intelligent metering and control devices measure, evaluate, and help manage power consumption and conditions and enable industrial, commercial and institutional businesses to manage consumption and modify processes to avoid power quality and reliability problems and reduce energy costs. We acquired Power Measurement in 1996 and it was acquired by Schneider Electric in 2005. |
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RealEnergy installed, owned, and operated on-site generation equipment/systems in Class A commercial office buildings. RealEnergy systems were standard packages in power-only, co-gen and tri-gen configurations to provide power, hot water/heat and/or cooling more efficiently and at less costs than could be provided by the local utility, We invested in RealEnergy in 2001 and it was sold to DG Energy Solutions, an Arclight portfolio company in 2004. |
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Smart Systems designed and marketed intelligent energy management systems principally for heating and air conditioning control in commercial and residential buildings, including guest rooms in hotels, public housing projects, condominiums, schools, and office buildings. The technology provided a quick, non-invasive installation (within a half hour, employing wireless technology) and a patented algorithm that manages unique temperature adjustments for each room to reduce energy consumption while preserving desired levels of comfort. We invested in Smart Systems in 2000 and it was sold to Telkonet, Inc. in 2007. |
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SPL WorldGroup provided enterprise software to utilities and other end-users with large volume billing, asset management, and field work force management activities. Created through a series of four transactions, SPL offered an integrated suite of customer information system, outage management, asset management, and field work force management software. We acquired SPL in 2004 and it was sold to Oracle Corporation in 2006. |
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Trans-Elect was North America's first independent transmission company, focused on the acquisition and operation of transmission systems, the development and construction of new transmission lines, and the upgrade of existing transmission systems. Key assets included Michigan Electric Transmission Company, Alta Link and Path 15. We acquired Trans-Elect in 2005 and its operating assets were sold through a series of transactions starting in mid-2006 to ITC Holding Corporation (ITC:NYSE), TransAlta Corporation, and AES Corporation. |
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Turbine Generator Maintenance (TGM) performs turnkey inspections and repairs on steam turbines, combustion turbines, generators and associated equipment for a broad spectrum of customers across the industrial and utility sectors. In addition, the Company is one of the first independent service providers to also provide machine shop services for turbine generator systems and parts, thereby providing a compelling value proposition to its clients relative to both OEMs and other independent service companies. We acquired TGM in 2007 and sold the company to management in 2009. |
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UtiliQuest identifies and marks electric, gas, telecommunication, cable, water and other utility underground infrastructure so that contractors can avoid them when excavating. Historically done separately by employees of each utility, this function is increasingly contracted out with multiple utilities supported by a single vendor able to achieve obvious scale economies. We acquired UtiliQuest in 2001 and it was sold to Dycom Industries (NYSE: DY) in 2003. |
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Xantrex is a leading supplier of advanced power electronics and controls for the commercial, recreational, and residential markets. The Company's technology is applicable to such emerging technologies as fuel cells, flywheels, solar panels, windmills, and modern batteries, for both grid-connected and off-grid applications. We acquired Xantrex in 1998, it went public in March 2004 (TORONTO: XTX.TO) and was acquired by Schneider Electric in 2008. |
