Mantis Innovation Group, LLC continues service line expansion with investment in Fairbanks Energy Services, Inc.
February 2021
Hingham, MA
O2 Investment Partners, LLC (www.o2investment.com) is pleased to announce that through Mantis Innovation Group, LLC (www.mantisinnovation.com) it has made an investment in and partnered with Fairbanks Energy Services, Inc. (www.fairbanksenergy.com) and its leadership team to enhance both companies’ service offerings focused on improving facility performance and energy efficiency, reducing costs, and implementing and monitoring ESG initiatives.
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 footprint 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.”
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.
Adam Fairbanks, President of Fairbanks Energy Services, commented, “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 Mantis Innovation Group, LLC:
Mantis Innovation Group, LLC is a technology-driven firm employing proprietary software and data analytics to improve facility performance. Mantis’ service offering includes electricity and natural gas procurement; proactive roof, pavement, mechanical HVAC, and envelope management; design and quality assurance; demand management; energy monitoring; and solar / renewable implementation. Mantis is headquartered in Houston, TX, with additional operations in Dallas, Texas; Waco, Texas; Coppell, TX; Trenton, New Jersey; Burlington, MA; West Springfield, MA; Hingham, MA; Chicago, IL; King of Prussia, PA; Harrisburg, PA; and Brunswick, ME.
About Fairbanks Energy Services, Inc.:
Fairbanks Energy Services, Inc. provides national energy efficiency solutions for clients across the commercial, industrial, education, healthcare, and data center verticals. Fairbanks Energy’s comprehensive services include turnkey project management, engineering, design, controls, and efficiency solutions for HVAC/mechanical, LED lighting, and building management systems. 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 O2 Investment Partners:
O2 Investment Partners is 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.
O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
Additional information is available at www.mantisinnovation.com ; www.fairbanksenergy.com ; www.o2investment.com