July 11, 2017 – Arborview Capital, an impact focused growth equity firm, is pleased to announce that its portfolio company, Drexel Metals, Inc., has been acquired by Carlisle Construction Materials (“CCM”), a $2 billion division of Carlisle Companies (NYSE: CSL). Following Arborview’s investment in 2011, Drexel Metals has grown into a leader within the architectural metal roofing segment serving both residential and commercial customers with annual sales of approximately $50 million. Drexel Metal’s customers fabricate roofing panels using portable roll-forming machines, resulting in increased flexibility, reduced inventory, and significantly lower costs for customers. Standing seam metal is one of the most energy efficient roofing materials, is highly durable, and is also an ideal material for mounting solar panels.
June 30, 2017 – Arborview Capital, an impact focused growth equity firm, and DFW Capital Partners today announced that Integrated Efficiency Solutions (“IES”), a new holding company, has acquired Retro-Tech Systems (“RTS”) as a wholly owned subsidiary. RTS, which includes RTS Lighting, RTS Water, RTS Utility Metering, and RTS Building Envelope, joins LRI Energy Solutions (“LRI”), also a wholly owned subsidiary and an existing Arborview Capital and DFW Capital Partners portfolio company. LRI Energy Solutions includes wholly owned subsidiaries 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, universities, schools, and hospitals), and utility providers. Both companies’ customers rely on the similar core competencies of design, engineering, project management, analysis, and market knowledge.
The IES combination presents several compelling market differentiators. First, IES now enjoys substantially larger bonding capabilities which supports both customers whose growth is focused on small and mid-sized projects, as well as those ESCO customers whose growth is focused on larger projects. Second, IES now operates with a hybrid resourcing model providing the flexibility of both insourced professionals and long-term installation partnerships. Finally, IES’ combined purchasing power and vendor relationships bolster the company’s ability to provide even more value to its customers.
Stephen J. Troese, Jr., CEO of Integrated Efficiency Solutions and President of LRI added, “RTS has distinguished itself for years by providing exceptional value to its customers. Together, we can now reach more customers with more savings solutions. We are delighted to welcome RTS into the Integrated Efficiency Solutions organization. This is a great day for Integrated Efficiency Solutions customers.”
Kurt Minko, President of RTS, continued, “Our organizations have enjoyed tremendous mutual respect and admiration for several decades making RTS and LRI natural partners under the Integrated Efficiency Solutions banner. IES sales professionals will deliver an enticing value proposition across the combined national footprint. We look forward to realizing our collective growth potential.”
About Arborview Capital
Arborview Capital is a growth equity and venture capital firm that makes investments in impact-focused companies across the energy efficiency, resource efficiency and sustainability sectors. Arborview’s principals have significant experience partnering with exceptional management teams to build best-of-breed businesses in high growth industries. Arborview is headquartered in Chevy Chase, Maryland. www.arborviewcapital.com
Arborview Capital is pleased to release its 2017 Impact Report which details our firm’s commitment to investing in businesses and creating stakeholder value while building a more sustainable and cleaner economy. This is our first Impact Report and we have included case studies which examine how sustainability creates value at our portfolio companies.
A decade ago, Matthew O’Hayer started a pasture-raised egg business with 20 hens in Southeast Austin. Since then, the company has grown to a network of 100 family-owned farms in seven states, and its eggs are sold in 49 states. Now, the company is getting ready for another wave of growth after receiving an $11.1 million private equity investment from Sunrise Strategic Partners, based in Boulder, Colo., and other individuals.
February 14, 2017 – ImpactAssets announced today that Arborview Capital is one of the 50 fund managers selected for its 2016 impact investing showcase, the ImpactAssets 50 (IA 50), a free online resource for investors and financial advisors. The sixth annual guide features fund managers representing private equity and debt investments that deliver social and environmental impact as well as strong financial returns.
September 28, 2016 – Lighting Retrofit International, LLC announced today a strategic investment by DFW Capital Partners. LRI is a portfolio company of Arborview Capital, which previously invested into LRI in 2010.
For decades, most American egg producers have kept their hens inside, claiming outdoor access isn’t feasible at scale. Two companies behind an emerging “pasture-raised” standard say they’ve figured out how to sell millions of eggs with the barn doors open.
Most of us can spot a company’s mission statement from a mile away. They communicate the values of a company. We’ve seen mission statements emblazoned on the walls of our workplaces, the products we buy and the websites we visit. When a mission goes beyond just a statement, is executed upon and embedded across a company’s operations, it becomes a key force in value creation.
Vital Farms works with over 90 independent, family-owned farms across the United States from Georgia to California. They work closely with each and every farmer to ensure they have the greatest chance at success, promoting a business model that is not only about scale, but also about sustainability and support.
We’re excited to launch the Rachio Smart Sprinkler Controller, Generation 2. Rachio already makes running your sprinklers easy and convenient while saving you water and money. Generation 2 makes it even easier and more affordable.
Rachio today announced the national release of the Rachio Smart Sprinkler Controller — Generation 2, the latest version of the leading smart sprinkler controller that brings the smart home outdoors and allows users to manage their sprinkler system from any smart mobile device.
Every day, various aspects of our lives are becoming easier — and more connected — through the Internet of Things and smart home technology.
On a farm in a corner of northwest Arkansas, the maples and sycamores are starting to change color, their gold and rust contrasting with the lush, emerald pasture. The midmorning sun, already high over the rolling hills, tempers the late October chill. From outside the chicken house door, 24-year-old farmer Daniel Webb can hear—even feel—the anticipation.
Beginning Dec. 1, new retail packs of organic microgreens will be available from Shenandoah Growers, Harrisonburg, Va.
Amazon today announced two new recipients of the Alexa Fund, Musaic and Rachio. The Alexa Fund will provide up to $100 million in investments dedicated to supporting developers, manufacturers, and start-ups of all sizes who are passionate about creating new experiences designed around the human voice. Musaic and Rachio are the latest additions to the growing portfolio of Alexa Fund recipients, and join the seven previously funded companies announced in June.
While it’s well-documented that industrial egg farming is a controversial business (cue Food Inc), and there are a slew of egg purveyors who are rushing to do better with USDA organic options, there’s still a lot of murkiness around how laying hens are actually treated, and the conditions in which they are raised.
Rachio, a Denver-based start-up, has been selling a "smart sprinkler" for the last year. The device takes the place of a traditional control box on an automated home sprinkler system. It hooks the system up to the Internet -- meaning that you can control it from a smartphone.
In 2006, Michael Cox, a chicken farmer in northwest Arkansas, faced a choice that many farmers do: Grow or die. His family had been raising chickens for three generations, first for agriculture behemoth Cargill and then for themselves. Even with 800,000 laying hens, Cox was not big enough to compete: “If you’re growing or dying,” he said, “we were planning our funeral."
Virginia's First Lady, Dorothy McAuliffe, joined other state leaders in Rockingham County on Monday to present a $100,000 grant to Shenandoah Growers, the organic herb production company.