EnerTech Capital Invests in leading Québec based building automation company Distech Controls

March 21st, 2013, Montreal, Quebec – EnerTech Capital is pleased to announce the closing of its investment in leading building automation company Distech Controls. EnerTech participated in a $38 million financing round along with co-investors Caisse de dépôt et placement du Québec (Caisse), Export Development Canada (EDC), Fonds de solidarité FTQ (FSTQ), Investissements W2 (W2) and a significant strategic partner.
Based in Brossard, Québec, Distech Controls is a leader in energy management solutions. The company provides unique building management technologies and services that optimize energy efficiency and comfort in buildings while reducing operating costs.
The equity investment is subject to be approved by regulatory authorities. The investment will expand Distech Controls’ capital base and the proceeds of this financing will be used to accelerate the company’s growth plan, including acquisitions, and development roadmap worldwide.

“We have significant domain knowledge in the building automation space and our investment in Distech Controls fits squarely within our strategic investment landscape. The growing focus of building owners on increased energy efficiency through the use of open architecture controls /building automation solutions which Distech Controls provides will continue to fuel significant global revenue growth opportunities for the company. The investment in Distech Controls also demonstrates our continued focus on investments in high quality companies across Canada and our strong access to investment opportunities in leading companies in the Province of Quebec,” said Wally Hunter, Managing Director of EnerTech Capital.

“We are pleased to be part of this round of financing alongside great co-investors. Distech Controls is a truly “made in Québec” success story and we are excited about the company’s strong potential for continued growth.” continued Anne-Marie Bourgeois,Vice President of Investments, EnerTech Capital

“As a company in the energy management solutions and green technology space, we feel that it is critical to bring together the right team internally as well as the right financial partners to help us best serve the needs of our customers and partners. We have definitely accomplished this goal, bringing together both the capital required to fuel our growth strategies as well as a fantastic group of investors that support mission-driven companies” said Étienne Veilleux, President and CEO of Distech Controls Inc. “This positions us to accelerate our development globally and our continued investment in our unique products and solutions, as well as support our strategic plan, including acquisitions of complementary businesses, to take advantage of significant opportunities for Distech Controls in the marketplace.”

With the recent multiple closings on its fourth fund (EnerTech Capital Partners IV L.P.), EnerTech is continuing its strong focus on the significant energy related opportunities in Canada and Distech Controls fits squarely in the strategic focus areas within its latest fund.

“Teralys Capital is pleased by this significant round of financing for Distech Controls. As a key investor in EnerTech Capital, we value their focused sector expertise and access to valuable international networks to support local investors and entrepreneurs in building exceptional companies here in Québec. EnerTech Capital and their recent opening of a new office in Montréal are a key element in our strategy to actively develop the cleantech sector in Québec. Said Eric Legault – Managing Partner, Teralys Capital”

ABOUT DISTECH CONTROLS
An innovation leader in energy management solutions, Distech Controls provides unique building management technologies and services that optimize energy efficiency and comfort in buildings, all the while reducing operating costs. The company delivers innovative solutions for greener buildings through their passion for innovation, quality, customer satisfaction and sustainability. Distech Controls serves multiple market segments through its worldwide business divisions, service offices and a superior network of authorized partners. www.distech-controls.com

About EnerTech Capital
EnerTech Capital is a private investment firm focused on innovation in the energy and power industries: early to mid stage companies that offer products or services that dramatically improve the profitability of producing or consuming energy. Founded in 1996, the firm has managed approximately $490 million and has delivered 31 exits. EnerTech Capital is currently investing out of its fourth fund and has offices in Philadelphia, Toronto, Montreal and Calgary.

For more information visit:
www.enertechcapital.com

CONTACT: Wally Hunter: 416-363-8563 whunter@enertechcapital.com

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