Raleigh, NC – FMI Capital Advisors Inc., a subsidiary of FMI Corporation, is pleased to announce the merger of Retro-Tech Systems (“RTS”) with LRI Energy Solutions (“LRI”) under a new holding company Integrated Efficiency Solutions (“IES”), a portfolio company of DFW Capital Partners (“DFW”). FMI Capital Advisors acted as the exclusive financial advisor to RTS for this transaction.
RTS, which includes RTS Lighting, RTS Water, RTS Utility Metering, and RTS Building Envelope, joins LRI, also a wholly owned subsidiary. LRI includes wholly owned subsidiary Lighting Retrofit International, Water Savers, and recently acquired Enlight Energy Efficient Lighting.
With the acquisition of RTS, IES has firmly established a national market customer and service footprint. Both RTS and LRI enjoy established reputations as leaders in cost-effective, advanced, creative solutions for energy, water, building envelope, and metering-focused on energy service companies (“ESCOs”) supporting the Federal government, MUSH (municipalities, university, schools, and hospitals), and utility providers. Both companies’ customers rely on the similar core competencies of design, engineering, project management,analysis, and market knowledge.
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For over 60 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure and the built environment.
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