Smart Grid Co. GridPoint Acquires ADMMicro

Nov 11 2009 | 9:06am ET

Smart grid solutions company GridPoint has acquired ADMMicro, a provider of energy management systems to the commercial and industrial sector, for an undisclosed amount.

Virginia-based ADMMicro’s energy management and submetering systems automatically monitor and control energy consumption, including high-load systems such as HVAC and lighting. The company’s clients include public sector organizations and leading national retail, pharmacy, and restaurant chains.

GridPoint says it will leverage the combined expertise in data analytics, user interface design and energy management to provide significant benefit to both producers and consumers of electricity.

GridPoint’s investors include Skypoint Capital, BDC Venture Capital, Advantage Capital Partners, Altira Group, Contango Capital Partners, Goldman Sachs, New Enterprise Associates, Perella Weinberg Partners, Robeco, Susquehanna, Quercus Trust and Craton Equity Partners.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…