Fulcrum Capital Partners Announces Acquisition of Verdant Environmental Technologies Inc.
Fulcrum Capital Partners has acquired Montreal-based Verdant Environmental Technologies Inc. Verdant develops innovative products and technologies focused on energy efficiency for the hospitality industry. Verdant's industry-leading, patented energy management systems significantly reduce guestroom heating and air conditioning costs. Verdant’s products use a combination of patented motion and thermal sensing technologies to monitor hotel room occupancy and automatically adjust room temperature to lower energy consumption by over 40% without sacrificing guest comfort.
Fulcrum has partnered with Verdant's management team to acquire the company and support future growth. It marks the fifth platform investment made by Fulcrum Capital's Private Equity Fund V, which closed in July 2015.