Chicago-based Baird Venture Partners, the U.S. venture capital fund of Baird Private Equity, has acquired a “significant” minority interest in Louisville, KY-based Fellon-McCord, an energy consulting and management company.
Fellon-McCord’s founders, Andrew (Drew) Fellon and John McCord, will maintain controlling interest and will continue to manage the company.
The company works with its clients’ energy procurement and facilities’ engineering personnel to source the most economic and reliable energy supplies available. It focuses on the physical, financial, regulatory and legislative components of the global energy markets. Its clients include leading automotive, building materials, chemical, food processing, aluminum and steel, municipal and institutional consumers.
As stated by Drew Fellon, president and CEO of the company, this investment will provide Fellon-McCord with additional resources to continue to provide exceptional services to our clients as we grow our business globally.
“Baird Venture Partners’ resources complement our existing corporate competitive advantages and will assist us as we work to further develop the best IT solutions for our clients, increase our already excellent research capabilities and have readily available capital resources as we continue to look to acquire new or existing businesses, all of which will fuel our future growth plans beyond what we would have accomplished on our own”. he added.
FinSMEs
13/01/2010