Investment Summary

424 Capital Invests In Environ

On December 2, 2021, growth capital firm 424 Capital invested in energy services and equipment company Environ

Investment Highlights
  • This is 424 Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is 424 Capital’s 15th transaction in the United States.
  • This is 424 Capital’s 1st transaction in New York.

Investment Summary
Date 2021-12-02
Target Environ
Sector Energy Services and Equipment
Investor(s) 424 Capital
Deal Type Growth Capital

Target

Environ

New York, New York, United States
website
Environ supports US Hospital Systems in their efforts to reduce spending on gas and electricity while simultaneously reducing price volatility. The company is the only energy procurement organization focused exclusively on the hospital market in all deregulated US markets. Environ focuses on energy efficiency, resiliency, and sustainability for their clients. It takes a comprehensive approach to energy management, reviewing both procurement and energy demand/efficiency together, Environ drives results that exceed those that emerge from addressing supply and utilization separately. Environ is based in New York City.

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Investor(S) 1

Investor

424 Capital

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1995
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.

DEAL STATS #
Overall 15 of 19
Sector (Energy Services and Equipment) 1 of 1
Type (Growth Capital) 9 of 13
State (New York) 1 of 1
Country (United States) 15 of 19
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 Reverba

Seattle, Washington, United States

Reverba is a health engagement company that transforms the way healthcare companies think and function, making compliant, patient-centered action possible. It signifies a multiplying force for amplifying the perspectives of patients and the impact of their voices. Reverba was formed in 2002 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 MedHQ

Westchester, Illinois, United States

MedHQ provides human resources and financial management services to ambulatory surgery centers and physician practices nationwide. Within its HR offering, the company provides payroll, tax, benefits, insurance, credentialing, and consulting services to its clients via a tech-enabled platform. It also provides customized accounting services including monthly reporting, KPI tracking, forecasting, AP automation, and profitability analysis. MedHQ was founded in 2003 and is based in Westchester, Illinois.

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