Next Step Energy Solutions Transaction

Transaction Announcement

Next Step Energy Solutions (“NSES”), a leading national provider of turnkey LED lighting system retrofit solutions located in Littleton, Colorado, announced a recapitalization investment by GEF Capital Partners, a Washington, D.C.-based sustainability-focused private equity firm. NSES’ innovative system for delivering and designing energy efficient lighting solutions enables customers to reduce electricity usage and maintenance expenses at facilities, while also decreasing utility and operational costs. Owners and operators of healthcare facilities, commercial real estate assets, education campuses, hotels, and industrial operations rely on NSES to save on energy and operating costs in combination with the pursuit of Net Zero carbon emissions targets. To date, NSES has serviced over 65 million square feet domestically and internationally resulting in $60 million in annualized utility, maintenance, and operational savings and 18.7 million lbs. of avoided CO2 emissions.

We knew GLC was the investment banking partner for us from the very beginning. Their team’s proven, time-tested M&A knowledge and hands-on approach were crucial in navigating the complexities of this transaction. The team at GLC truly understands founder owners and helps them achieve the pursuit of their growth goals. I am very grateful for the partnership we created together.

Chad Lembeck
Co-Founder & CEO, Next Step Energy Solutions

Business Services & Industrials Team

GLC’s Business Services and Industrials Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.