Charlotte, NC & Dallas, TX (March 19, 2024) – Crete United, a leading provider of energy efficiency and HVAC, electrical, and other mechanical (“MEP”) services, today announced its acquisition of ProStar Energy Solutions. The partnership creates a powerful and effective new connected delivery model integrating Crete United’s core HVAC, electrical and other mechanical services with data-backed energy management-as-a-service for the built environment.
Driven by a focused M&A strategy and a strong organic growth engine, Crete United generated approximately 40% revenue growth in 2023. In early 2024, the company rebranded from Crete Mechanical Group to Crete United, signaling the commitment of its more than 40 partner companies nationwide to improve the health of the built environment together. The addition of ProStar, with a range of offerings including HVAC optimization, patented IoT- and AI-powered controls and monitoring, energy procurement, and more, marks the next step for Crete United towards its near-term revenue target of $1 billion.
“We couldn’t be more excited to begin this partnership with ProStar, who shares our mission to make the places we live, work and play healthier,” said Crete United CEO Mike Cox. “ProStar’s energy efficiency services accelerate the Crete United platform by creating a unique set of offerings for our customers.”
ProStar serves as a strategic advisor to organizations of all sizes and sectors across the nation, offering data-backed energy efficiency solutions that, on average, lead to a 30% base load reduction. The Company currently serves five of the largest 15 US data centers, a very energy-intensive building type. Its multi-patented building automation solutions, including eIQ, a web-based tool used to remotely monitor comfort and performance, and Catalyst, a complete rooftop unit (RTU) retrofit solution for HVAC systems, help building owners and facilities managers make informed decisions about their energy use, save money and make strides toward their sustainability goals.
“The opportunity for businesses across the country to enhance their building operations through energy efficiency has never been greater," said Eric Sudol, President of Energy Efficiency at Crete United and CEO of ProStar Energy Solutions. “Partnering with Crete United, a fast-growing company with established relationships and deep MEP expertise, is an amazing opportunity that will enable us to bring efficient energy management solutions to the built environment.”
Crete United will establish a regional office at ProStar’s office location in Frisco, Texas. Eric Sudol, Prostar Energy Solutions CEO, will become Crete United’s President of Energy Efficiency. Charlotte-based Ridgemont Equity Partners, which provided growth capital to the company in 2022 alongside the founders and management, will continue to support Crete United’s strategic growth initiatives.
To learn more about becoming a partner company of Crete United, please visit creteunited.com.