FMI Advises Fairbanks Energy Services on Sale to Mantis Innovation Group

FMI Capital Advisors is pleased to announce the acquisition of Fairbanks Energy Services, Inc. by Mantis Innovation Group, LLC, a portfolio company of O2 Investment Partners, LLC. The partnership will enhance both companies’ service offerings focused on improving facility performance and energy efficiency, reducing costs, and implementing and monitoring environmental, social, and governance (ESG) initiatives. FMI served as the exclusive financial advisor to Fairbanks Energy Services for this transaction.

Dan Marzuola, CEO of Mantis Innovation Group, commented, “We are extremely excited about the addition of Fairbanks Energy Services and its leadership team to the Mantis platform. Fairbanks Energy’s services complement and add to the Mantis product mix that will provide energy efficient and sustainable solutions to our clients’ facilities, reducing their carbon footprints and annual energy spend. This acquisition positions Mantis to be a premier company in assisting our clients to meet their goal of net zero greenhouse emissions over time.”

Adam Fairbanks, President of Fairbanks Energy Services, noted, “We are thrilled to be joining the Mantis Innovation Group team. Combining Fairbanks Energy with Mantis further extends our ability to improve facility performance with a broader suite of technology-enabled facility management solutions. We view this alliance with Mantis as an excellent cultural fit and a natural next step in the growth of our organization.”

Joe Vallee of O2 Investment Partners added, “We are very fortunate to welcome the Fairbanks Energy Services team to Mantis. Peter, Adam, and Ross Fairbanks bring additional horsepower to our leadership group that will help continue to scale the business in a client-focused direction. Fairbanks Energy immediately adds expertise in energy efficiency solutions, implementing and monitoring ESG initiatives, and automation solutions for facility operators targeting HVAC/mechanical, lighting, and building management systems. We look forward to working closely with the Fairbanks Energy team to continue providing superior services and offer more comprehensive solutions to each other’s client base.”

About Fairbanks Energy Services

Fairbanks Energy Services is an industry leader in providing nationwide energy efficiency solutions for clients across commercial, industrial, data center, education, and healthcare verticals. Fairbanks Energy’s comprehensive services include turnkey project management, engineering, design, controls, and efficiency solutions for HVAC/mechanical, LED lighting, and advanced building automation systems. In addition, Fairbanks Energy’s comprehensive approach and deep knowledge of federal, state, and municipal incentive programs allow them to identify, develop, and execute solutions that maximize savings, reduce carbon footprints, and minimize capital outlay.

About Mantis Innovation Group and O2 Investment Partners

Mantis Innovation Group is a technology driven firm employing proprietary software and data analytics to improve facility performance and reduce costs for customers across the globe. It is part of the portfolio of O2 Investment Partners, a Midwestern based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology, and select niche industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.

About FMI Capital Advisors

FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm dedicated to the Built Environment. With more than 750 completed M&A transactions, FMI’s industry focus enables us to maximize value for clients through deep market knowledge, strong technical expertise, and an unparalleled network of industry relationships.

FMI Capital Advisors’ Energy Solutions & Cleantech Group provides M&A advisory and capital formation services for companies in the energy solutions and cleantech industry. For more information, visit FMI Capital Advisors.

FMI Capital Advisors Contacts:

Tim Huckaby
President, FMI Capital Advisors
Managing Director, Energy Solutions & Cleantech
[email protected]
303.398.7265

Andrew Henderson
Vice President
[email protected]
303.398.7230