Summit Energy Partners with Weston Presidio
Summit Energy Services, Inc. announced today that Weston Presidio, a leading private equity firm, has made a strategic investment into the company. Based in Louisville, Kentucky, Summit Energy is a global provider of energy management services. The privately held company, founded in 1991, provides risk management, energy procurement and sustainability services to more than 150 large industrial and commercial clients, managing more than $13 billion in annual energy spend.
This partnership will allow Summit Energy to continue to expand their suite of services to their multi-national customer base. As part of the transaction, Summit is also pleased to announce the addition of two Weston Presidio Partners to its board of directors – Mr. Chip Baird and Mr. Mark Bono.
Regarding the investment, President and CEO, Steve Wilhite commented, “We have experienced solid growth in recent years, which we believe validates our business model and approach to serving our clients. As a result, we plan to continue expanding both our geographic footprint and service capabilities, and we are confident that the financial involvement and experience of Weston Presidio will help spur that growth.”
Weston Presidio Partner Chip Baird added, “We are excited to partner with Summit. The company’s strong track record and excellent leadership team were key factors in our decision to help support the future growth of the company. We look forward to helping Summit continue to build on a proud tradition of innovation in the energy services sector.”
About Summit Energy
Summit Energy is a pioneering provider of energy management services for business and industry. Summit’s clients operate in industries ranging from aerospace and automotive to government, chemical, food manufacturing, pharmaceuticals, healthcare and others. Its growing staff of more than 250 energy professionals is headquartered in Louisville, Kentucky, with additional offices in Houston and Dallas, Texas, Mexico, Belgium, Italy, France, Germany and The Netherlands.
About Weston Presidio
Weston Presidio, formed in 1991, provides growth capital to companies with exceptional management teams across a wide range of industries. The firm has offices in San Francisco, Boston and Menlo Park, and it invests in companies throughout the United States. Weston Presidio has raised over $3.3 billion in capital through five investment funds and provided capital to over 300 leading growth companies. www.westonpresidio.com
