Boyne Capital Closes Single-Asset Continuation Fund for Pilot Energy
Client: Boyne Capital
Client Location: United States
Target: Pilot Energy
Target Location: United States
Target Description: Pilot provides energy procurement advisory services and electric utility billing services for commercial & industrial customers and community choice aggregation. Pilot offers clients custom-tailored services that can lower utility costs, reduce commodity price-related risks and provide greater procurement flexibility than utility-based suppliers or traditional electricity retailers. Since Boyne’s initial investment in 2020, Pilot has become a scaled player in the energy advisory industry by leveraging its 1) ability to deliver significant energy cost and consumption savings for customers; 2) deep expertise in customers’ geographies and end markets; 3) high-touch, responsive customer service; and 4) leading reporting & analytics technology solutions.
Transaction Details: Boyne Capital, a Florida-based private equity firm focused on investments in lower-middle market companies, closed a single-asset secondary transaction to extend its partnership with Pilot Energy, a U.S.-based, technology-enabled energy advisory and management platform. The transaction formed a continuation fund and includes new capital to support Pilot’s acquisition strategy and organic growth initiatives.
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