Huron Capital’s Albireo Energy completes acquisition of Powers’ regional divisions
- The deal excludes Powers’ Arkansas operations, which the family-owned company retains
- New vice president Troy Abell brings decades of experience from Siemens Building Technologies
- The acquisition extends Albireo Energy’s footprint into Southern markets amid rising data center and manufacturing activity
Huron Capital portfolio company Albireo Energy has completed the acquisition of the Oklahoma and Mississippi/Louisiana divisions of Powers, a family-owned building automation systems provider headquartered in central Arkansas. Powers of Oklahoma and Powers of Mississippi/Louisiana serve commercial, industrial, healthcare, and other mission-critical facilities; the deal does not include the company’s Arkansas operations, which Powers retains.
Albireo Energy is a building controls and energy services provider serving data centers, offices, hospitals, universities, and manufacturing facilities, among other properties. The acquisition adds Powers’ regional customer relationships and building automation expertise across Oklahoma, Mississippi, and Louisiana, extending Albireo Energy’s national footprint into Southern markets, where new construction is growing alongside a large stock of aging buildings requiring modernization. The region has also seen increased investment in advanced manufacturing and emerging data center activity.
Troy Abell will lead the Powers branches across the three-state territory as vice president and general manager. He joins a leadership team that includes Joey Necaise, who continues to head operations, along with John Agnelly and Blain Graham, who remain in charge of the Louisiana and Oklahoma branches, respectively. Abell previously worked at Siemens Building Technologies.
Editor’s note: This news brief was produced with the assistance of artificial intelligence.
