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News/August 30, 2018

FMI Advises Dalkia in Acquisition of Aegis Energy Services

Denver, CO, September 5, 2018 /PRNEWSWIRE / — FMI Capital Advisors Inc., a subsidiary of FMI Corporation, is pleased to announce the acquisition of Aegis Energy Services by Dalkia, a subsidiary of the EDF Group. FMI Capital Advisors acted as the exclusive financial advisor to Dalkia for this transaction.

Aegis Energy Services designs, installs and operates small-scale gas fired CHP systems in the Northeastern and Mid-Atlantic United States. It has a varied portfolio of customers in the hospitality, healthcare and multi-unit residential markets and has been developing its small-scale Combined Heat Power (CHP) offerings for more than 30 years.

The acquisition of Aegis Energy Services will allow Dalkia to strengthen its position in the US, where the subsidiary Groom Energy Solutions already provides energy-efficiency solutions for business and industry. Aegis Energy Services will expand Dalkia’s offering and allow the group to develop innovative solutions to manage the energy performance of buildings.

The entire Aegis Energy Services management team and its President, Lee Vardakas, will continue to run and develop the company as part of the Dalkia Group.

Sylvie Jehanno, Chairwoman of the Dalkia SA Board & Chief Executive Officer: “I am delighted to welcome Aegis Energy Services employees to the Dalkia Group. I believe their scope for innovation and expertise in energy efficiency will be the perfect addition to our business and will bring real added value to Dalkia’s energy services offering in the United States.”

Lee Vardakas, Aegis Energy Services President: “We are very proud to join the Dalkia Group, as we share a drive to build a cleaner world through high energy efficiency. Energy savings are part of our core business, and we believe this merger will help us to achieve our common goals.”

Dalkia: working with you to step up your sustainable energy performance

Dalkia is a subsidiary of the EDF Group and supports its customers in their energy transition through two core businesses: making the most of local renewables and unlocking energy savings. Dalkia rises to this challenge through solutions scaled to fit each building, city, municipality, region and industrial site, providing expertise that spans the entire energy chain, covering everything from energy supply and optimisation of consumption to operation and maintenance of installations.

Aegis Energy Services

Founded in 1985 with the goal of reducing energy costs and a commitment to the environment, Aegis Energy Services began offering the most efficient process in energy production—cogeneration (CHP). The company is a market leader in the Northeastern United States.

About FMI Capital Advisors:

FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm exclusively serving engineering and construction, infrastructure and the built environment. With over 600 completed transactions, our unique industry focus enables us to provide our clients with valuable insight and advice. Clients gain access to our unparalleled network of industry contacts and relationships, deep market knowledge and technical expertise, based on decades of experience.

FMI Capital Advisor’s Energy Solutions & Cleantech Group provides M&A and capital formation services for companies in the energy solutions and cleantech industry, including those focused on:

  • Energy Efficiency
  • Solar, Wind, Biomass
  • Distributed Generation
  • Energy Procurement
  • Demand Response
  • Operations & Maintenance
  • Energy Management Systems
  • Utility Demand Side Management
  • Power Quality & Reliability
  • Energy Storage
  • Intelligent Buildings, IoT
  • Measurement & Verification

FMI Capital Advisors Contact:

Tim Huckaby
President of FMI Capital Advisors
Energy Solutions & Cleantech


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