St. Louis, MO, USA – HBM Holdings Company announced today that it acquired Breen Energy Solutions, LLC, headquartered in Carnegie, PA. Terms of the transaction were not disclosed.
Breen provides emissions measurement and mitigation technologies to the utility and industrial boiler markets, in addition to other emissions controls, fuel flexibility and mercury control technologies. The company was founded in 2002 by Dr. Bernard Breen, a pioneer in the field of NOx (nitrogen oxides) reduction and an inventor who has generated more than 30 patents.
Mike DeCola, CEO of HBM Holdings, said, “As the environmental regulatory environment has become increasingly more complicated and stringent, our team has worked to identify companies that have developed creative solutions for their customers. Breen Energy Solutions has developed technology and services that specifically help the utility and industrial markets respond. We see excellent opportunities to solidify their market-leading position in acid gas measurement, capitalize on their existing growth initiatives, and provide the resources to Breen to enable them to continue to explore effective solutions for their customers.” Charles Lockert, President and Chetan Chothani, COO of Breen will report to William H. Ayers, who was named CEO.
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About HBM Holdings
HBM Holdings Company is a management firm that acquires, supports and operates middlemarket businesses in industrial products and services. The Company’s strategy is to grow a diversified portfolio using a long-term buy and build approach. HBM Holdings provides its portfolio companies with professional management expertise, financial resources, and high potential human capital to accelerate their growth.