Fort Point Capital Acquires NRG Controls and NRG Controls North

Fort Point Capital, a Boston-based private equity firm, announced that it has acquired NRG Controls, Inc. (“NRG Harrisburg”), and NRG Controls North, LLC (“NRG North”). NRG Harrisburg and NRG North (collectively “NRG” or the “Company”) are leading building automation system integrators serving the Pennsylvania market, as well as parts of Maryland and New Jersey. NRG Harrisburg, headquartered in Harrisburg, PA, and NRG North, headquartered in Selinsgrove, PA, have been trusted leaders in the industry for almost 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.

“We are excited for the opportunity to combine these two sister companies to form a leading system integrator in the Pennsylvania market. We look forward to working with the combined team to support their vision for expansion and continued excellence in providing best-in-class service to their customers,” remarked David Gagliardi, Principal at Fort Point Capital. “Given the need for improved energy efficiency in buildings, increasing regulation, and building management technology innovation, it’s easy to understand why the Company’s experience, expertise, and breadth of capabilities have resonated so strongly in the market.”

“NRG Harrisburg is thrilled to join forces with NRG North and partner with Fort Point in our next chapter,” stated Steve Bernas, Managing Partner of NRG Harrisburg. “Together, we will accelerate growth, broaden our service offerings, and leverage our combined resources to ensure our customers continue to receive the highest standard of service.”

“We are excited to rejoin forces with our counterparts in Harrisburg after nearly 20 years apart,” 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 our offerings and our reach. Despite our time apart, we continue to share a deep-rooted commitment to our customers and employees – our alignment on these core values and culture will create a promising foundation for the Company’s future.”

“Since its founding in 1976, NRG has been providing its customers comprehensive solutions that reduce facility energy costs, enhance occupant comfort, and optimize facility operation,” said Brooke Ablon, Partner at Fort Point Capital. “We have been extremely impressed by the combined Company’s track record of growth and commitment to their customers. We’re excited to support the NRG team as they continue to expand their core offerings and pursue opportunistic opportunities for geographic expansion.”

Crescent Capital provided debt financing for the transaction. Kirkland & Ellis and RSM advised Fort Point Capital, while Auctus Capital Partners advised both NRG Harrisburg and NRG North.