Environ Acquires Innovative Energy Services Leader, Best Practice Energy
NEW YORK, New York
Environ, an energy management company specializing in sustainability consulting services and carbon reduction services, is excited to announce that it has acquired Best Practice Energy, (BPE). BPE is an important industry innovator whose data-driven, progressive approach to energy procurement strategies and management drives significant value for clients. BPE currently works with leading manufacturing and technology companies, healthcare organizations and a wide range of commercial enterprises. BPE shares Environ’s passion for renewable energy and sustainability.
BPE brings a wealth of information and technology that will be incorporated into Environ’s service offerings over the coming months. Excited to welcome the BPE team into theirs and build value together, Environ will be working closely with the Best Practice Energy team in the coming weeks to ensure a smooth transition for both companies and their clients. BPE will remain intact as a division within Environ, continuing to help clients achieve their energy goals and commitments while embracing the global shift toward cleaner energy sources and greater energy efficiency. This acquisition helps expand and strengthen Environ’s reach within the market to provide even more comprehensive solutions.
“As Environ grows in scope and scale, it’s vital that we increase our ability to reach new client segments while continuing to provide optimal services to existing clients. BPE has developed best-in-class approaches to managing energy spend while continuously tracking and serving the growing needs of its clientele,” said Mark Mininberg, CEO of Environ. “The acquisition provides both a top field operation and proprietary IT that we will deploy across a range of related services, including commercial energy procurement and efficiency, clean energy development, carbon tracking and reduction strategies and ESG services.”
“From our first meetings together, our teams realized that BPE and Environ shared similar visions for how to accelerate our success through innovation and, most of all, by working hard to produce positive outcomes for our clients,” said Bryan Yagoobian, founder and president of the Best Practice Energy division at Environ, adding, “Our long-standing commitment to innovation and service is shared by everyone in the combined Environ organization. We are just getting started in terms of driving the energy transition.” The acquisition was made possible with support from 424 Capital, a growth capital investor that works in partnership with founders and management teams to accelerate and scale for long-term growth.
Environ is motivated to accelerate their efforts towards a cleaner, more sustainable future for all.
Environ is a leading energy management firm that helps client operations become more sustainable by improving building energy efficiency, facilitating clean energy procurement, increasing energy resiliency, boosting regulatory compliance, and meeting ESG commitments. With a history dating back to the early 1990s, and clients in healthcare, hospitality, industrial facilities and data centers, Environ has more than $1B in energy contracts under management with $100M in demonstrated savings for its clients. With offices in New York City, Environ serves clients across North America and abroad.
About Best Practice Energy
Best Practice Energy (BPE) implements customized energy management solutions for clients nationwide. Utilizing proprietary data tools, BPE provides key information, know-how, education, and advocacy to guide clients throughout their entire energy management journey. BPE places high priority on helping clients achieve facility sustainability goals through energy efficiency, building electrification, HVAC upgrades, carbon reduction and renewable energy projects, including solar and fuel cell systems.
About 424 Capital
424 Capital is a growth capital partner headquartered in Wakefield, MA, that invests in lower middle market companies in technology and tech-enabled services. 424 Capital partners with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on healthcare and renewable energy investments, it invests in, empowers, and enables companies to step up, stand out, and make a difference in the world. For more information about 424 Capital, please visit 424capital.com.