Press Release – July 13, 2018 – MISSOURI
"Missouri Energy Services Company, CTS Group, Takes on New Partner to Expand Services to Customers"
On June 1, 2018, energy services company CTS Group, of St. Louis, MO, took on a new partner, Bow River Capital Partners, in a move to expand services to customers and better facilitate its strategic growth.The need for this growth is based on the increasing demand for environmentally responsible and cost cutting, energy efficient solutions to facility and infrastructure needs within the public and private sectors. A newly formed holding entity was established as a platform for a recapitalization effort to focus on energy efficiency, power generation, and design-build needs for both current and prospective customers across Missouri, Illinois, and the Midwest. The founders, Bob Bennett and Scott Ririe, as well as senior management and staff, will continue in their current roles.
Headquartered in St. Louis, Missouri, CTS is a comprehensive energy efficiency solutions provider, offering turn-key retrofit solutions to the K-12, local government, and higher education markets. The Company's performance contracting, design-build, and system integration capabilities allow building owners and facility operators to upgrade aging buildings and infrastructure while reducing energy and operational costs. Through a customer-focused approach, CTS enables savings through energy conservation measures, including HVAC, building automation controls, geothermal, lighting and solar.
CTS' founders, Bob Bennet and Scott Ririe commented: "Part of our strategy was to find a partner that would strengthen our team and our brand, which has been successful for the last 18 years. We are excited to have Bow River Capital Partners as part of the strategic team, and look forward to continuing our plans for growth and improvement. The foundation that our dedicated teams have built will now be the platform to expand our capabilities and continue to satisfy our customers for years to come."
Customers have also expressed their excitement with the news of the new partnership. "Our City had a great experience working with CTS. I was very impressed with their innovative approach. They were very knowledgeable and always willing to go the extra mile, even years after our project was completed," said Amy Hamilton, City Manager, Richmond Heights, MO. "I recently had the opportunity to meet CTS's new partner Bow River, and am pleased with their vision and excited about what they will add to CTS. I think this is all good news for us as customers!"
About Bow River Capital
Founded in 2003, Bow River is a private alternative asset management company based in Denver, Colorado, and includes a strong energy fund platform. Bow River's business platform focuses on lower middle market operating companies across a geographic area which encompasses the Rocky Mountains and surrounding states. Bow River recognizes that CTS stands out among other ESCOs with their focus on customer satisfaction.Together we will build on this cornerstone value and help grow the company by providing additional resources to expand services and solutions to better address our customers' growing needs.Bow River is looking forward to working with CTS management to help scale operations, invest in infrastructure, and broaden the Company's service offering to support customer management of its energy efficiency goals.