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DFW Capital Partners (“DFW”) announced today a strategic investment in Lighting Retrofit International, LLC (“LRI” or the “Company”). LRI is a portfolio company of Arborview Capital (“Arborview”), which previously invested into LRI in 2010. LRI is DFW’s first portfolio investment in its newest fund, DFW Capital Partners V, LP, which held its final closing in April 2016 with $360 million in aggregate commitments.

“Over the past six years, LRI has had a strong partnership with Arborview Capital and experienced tremendous growth,” said Stephen J. Troese, Jr., CEO and Co-founder of LRI. “We are excited about adding a new strategic partner, DFW Capital Partners, and executing the next phase of our growth initiatives where we will continue to drive significant energy and water savings and efficiencies.” Douglas H. Gilbert, a partner at DFW commented, “We are very pleased to be partnering with LRI and look forward to helping the Company build on its tremendous track record of growth and success.”

LRI, based outside of Annapolis, MD, is a leading provider of comprehensive services for energy and water efficiency projects. The Company’s blue-chip clients include both energy service companies (ESCOs) and utilities. LRI’s clients rely on the Company for design, engineering, project management, analysis and monitoring for energy efficiency projects primarily in the Federal and MUSH (Municipalities, Universities, Schools and Hospitals) markets. LRI offers turnkey solutions and rapid implementation of cutting edge energy and water saving technologies that provide immediate and meaningful savings for facility owners. LRI has completed over 650 projects throughout the United States and internationally since its’ founding and has helped its clients save millions in kWh and billions of gallons of water.

About DFW Capital Partner

DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW has established a 20+ year track record of success in both building leading companies and recognizing outstanding returns for its investors. DFW is headquartered in Teaneck, New Jersey and maintains an office in Chevy Chase, Maryland.

About Arborview Capital

Arborview Capital is a growth equity firm that makes investments in impact-focused companies across the energy efficiency, resource efficiency and sustainability sectors. Arborview’s principals have significant experience partnering with exceptional management teams to build best-of-breed businesses in high growth industries. Arborview is headquartered in Chevy Chase, Maryland.

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