Canadian private equity firm Fulcrum Capital Partners has bought Verdant Environmental Technologies Inc, a Montréal-based provider of energy-efficiency products and technologies for the hospitality industry. No financial terms were disclosed for the deal, which was done in partnership with the company’s management team. It is intended to support Verdant’s future growth. Verdant is the fourth platform investment of Fulcrum’s fifth mid-market fund, Fulcrum Capital Partners V, which raised $344 million in July 2015. It follows the fund’s investment in Canstar Restorations earlier this year.
Fulcrum Capital Partners Announces Acquisition of Verdant Environmental Technologies Inc
Fulcrum Capital Partners has acquired Montreal-based Verdant Environmental Technologies Inc. Verdant develops innovative products and technologies focused on energy efficiency for the hospitality industry. Verdant’s industry-leading, patented energy management systems significantly reduce guestroom heating and air conditioning costs. Verdant’s products use a combination of patented motion and thermal sensing technologies to monitor hotel room occupancy and automatically adjust room temperature to lower energy consumption by over 40% without sacrificing guest comfort.
Fulcrum has partnered with Verdant’s management team to acquire the company and support future growth. It marks the fifth platform investment made by Fulcrum Capital’s Private Equity Fund V, which closed in July 2015.
Photo courtesy of Verdant Environmental Technologies Inc