FMI Advises Polargy in Sale to GEF Capital Partners
FMI is pleased to announce the sale of Polargy, Inc. (Polargy) to GEF Capital Partners (GEF Capital), a global, sustainability-focused private equity firm. FMI Capital Advisors served as the exclusive sell-side financial advisor to Polargy for this transaction.
Founded in 2008, Polargy designs, manufactures and assembles bespoke energy efficiency infrastructure solutions for data centers, which helps data center owners and operations reduce the requisite energy used for cooling, extend the useful life of equipment, and provide material costs savings through fit-for-purpose designs. The company has become one of the leading providers to the data center customer ecosystem, working with data center developers, architects, contractors and others to drive energy reduction through airflow solutions.
The partnership with GEF Capital will equip Polargy with the capital necessary to continue to scale and evolve in this rapidly growing market. The current executive team will continue to lead the company following the closing.
"The partnership with GEF Capital will allow us to bolster our relationships with our customers, increase our capacity and offer new and innovative solutions to the industry,” said Cary Frame, Polargy’s founder and chairman. “Because the market is growing at such a dramatic pace, it was critical that we find a partner to support the opportunities ahead for the company.”
“We're thrilled with the outcome. FMI exceeded expectations, uncovering ideal bidders and maximizing shareholder value. They ensured employee well-being and found the perfect buyer. Their expertise was key to our success,” added Frame.
About Polargy
Polargy is a premier solutions provider for the data center market, which enables owners and operators of these assets to increase energy efficiency in new and existing builds, allows owners to extend a data center’s useful life, and cut energy and operating costs. Polargy was founded in 2008 by Cary Frame. Visit www.polargy.com for additional information.
About GEF Capital
GEF Capital Partners is a global private equity firm focused on making investments spanning the clean energy, energy efficiency, waste, water, and resource efficiency sectors. With offices in the United States, India, and Brazil, GEF Capital invests in companies that have developed solutions to mitigate the effects of climate change and pollution. By partnering with management teams that operate in high-growth markets, GEF Capital brings a value-added approach to its investments to grow leading companies and ensure a more sustainable future. Visit www.gefcapital.com for additional information.
About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information, visit fmicapitaladvisors.com.
FMI Capital Advisors Contacts:
Andrew Henderson
Managing Director
[email protected]
303.398.7230
Tim Huckaby
President, FMI Capital Advisors
[email protected]
303.398.7265
Russell Clarke
Director
[email protected]
303.398.7213
Adam Ritchie
Associate
[email protected]