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Albireo Energy acquires Powers’ divisions in two states

PRIVATEAug 20, 2026about 6 hours ago

Acquiring Company

Albireo Energy

Acquired Company

WORQ

EdisonMalaysiaEnergyRenewable EnergyEnvironmental Services

Description

Albireo Energy has completed its acquisition of the Powers' regional divisions located in Oklahoma and Mississippi/Louisiana. The acquired divisions are known for their building automation systems that cater to critical facilities. This move strengthens Albireo's offerings in the energy services sector. The acquisition enhances their capacity to serve diverse industries.

Company Information

Company

Albireo Energy

Location

3 Ethel Rd

Edison, New Jersey, United States

About

Albireo Energy is a leading independent provider of building automation and energy services. The company delivers a full breadth of national capabilities to building owners, facility managers, engineers, and contractors. Their mission is to create intelligent, high-performance buildings that are sustainable and responsive to the needs of communities.

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Predictive Intelligence
Strategic

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired WORQ?

WORQ was acquired by Albireo Energy, based in Edison. The deal was reported on August 20, 2026. Albireo Energy is a leading independent provider of building automation and energy services. Albireo Energy is privately held and operates in Energy.

When did Albireo Energy acquire WORQ?

Albireo Energy's acquisition of WORQ was reported on August 20, 2026. Albireo Energy has completed its acquisition of the Powers' regional divisions located in Oklahoma and Mississippi/Louisiana. The acquired divisions are known for their building automation systems that cater to critical facilities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does WORQ do?

Malaysia-based co-working space provider with a goal to expand its co-working space operations. It is privately held, and is based in Malaysia.

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