FMI Advises ADI Energy on Sale to Oaktree Capital

FMI Capital Advisors, a subsidiary of FMI Corporation, is pleased to announce the sale of ADI Energy to funds managed by the Power Opportunites Group of Oaktree Capital Management, L.P. FMI Capital Advisors acted as the exclusive financial advisor to ADI for this transaction.

ADI, based in Smithfield, Rhode Island, provides specialized design-build efficiency solutions to governmental, industrial, commercial, and institutional clients.  Since 2002, ADI has implemented a broad range of energy infrastructure solutions that include combined heat and power, biomass boilers, lighting retrofits, HVAC retrofits, industrial process controls, and renewable energy sources. For additional information, visit ADI's website at www.adienergy.com.

Oaktree is a leader among global investment managers specializing in alternative investments, with $100 billion in assets under management as of September 30, 2017.  The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities.  Since its inception in 1995, Oaktree's Power Opportunities strategy has focused exclusively on providing capital to leading companies that provide equipment, services, software and infrastructure used in the electric power and natural gas industries.  Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree’s website at www.oaktreecapital.com.


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

*Represented by FMI Capital Advisors, Inc.

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