Bow River-backed Veregy buys energy services firm Dynamix


Veregy, a portfolio company of Bow River Capital, has acquired Columbus, Ohio-based Dynamix, an energy services company. No financial terms were disclosed. FMI Capital Advisors was financial adviser to Dynamix on the transaction.

PRESS RELEASE

DENVER, July 11, 2019 /PRNewswire/ — FMI Capital Advisors is pleased to announce the sale of Dynamix Energy Services, LLC and Dynamix Engineering Ltd (“Dynamix”) to Veregy™, a portfolio Company of Bow River Capital. FMI Capital Advisors acted as the exclusive financial advisor to Dynamix in this transaction.

Based in Columbus, Ohio, Dynamix Energy Services is a full service, vendor neutral, Energy Services Company that focuses on implementing and installing creative, well-engineered energy and technology solutions for its customers. The team consists of Professional Engineers from multiple backgrounds including, HVAC, Electrical, Controls, Technology, and Plumbing. This diversity allows DES to maximize the energy and maintenance savings for customers by evaluating opportunities from all angles.

Dynamix Engineering is a full-service mechanical, electrical, plumbing, fire protection, and technology engineering firm with a focus on design engineering and systems assessments. The Dynamix team provides consulting engineering services for building and infrastructure systems used in a broad range of facilities across several markets and industry segments throughout the nation.

About Veregy™
Veregy™ is the newly announced trade name for the premier Energy Services Company (“ESCO”) created through the combination of Bow River Capital’s national energy services operations. Veregy™ is a combination of six Bow River portfolio companies, including Dynamix Energy Services LLC and Dynamix Engineering Ltd. The other four companies combined to create Veregy™ are Midstate Energy in Phoenix, AZ, Urban Energy Solutions in Tempe, AZ, Control Technology & Solutions in St. Louis, MO and Johnson-Melloh Solutions in Indianapolis, IN. Veregy’s™ combined offerings provide comprehensive infrastructure upgrades, energy management, and energy efficiency solutions in mechanical, plumbing, lighting, solar, battery storage, geothermal and customizable building control systems in addition to ongoing facility management and maintenance services. The collective enterprise has delivered billions in energy performance contracts for academic, municipal, healthcare, commercial and federal facilities across 32 states.

About Bow River Capital
Founded in 2003, Bow River is a private alternative asset management company based in Denver, Colorado, with buyout, real estate, software growth equity, and energy fund platforms. Bow River’s buyout funds focus on lower middle market operating companies across the United States.

About FMI Capital Advisors
FMI Capital Advisors is a leading investment banking firm exclusively serving the Built Environment. Our deep market knowledge, strong technical expertise, and unparalleled network of industry relationships enables us to maximize value for our clients.