HVAC Breaking News

May 18, 2004: Encorp And Envenergy Combine, Gain Funding

May 18, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
WINDSOR, Colo. - Encorp and Envenergy have formed a new holding company, with each firm merging with wholly-owned subsidiaries of the holding company. Upon completion of the transaction, the new holding company, named Encorp Inc., simultaneously closed on $7.11 million in new funding.

Encorp develops and markets services and products for the communication, control, and networking of distributed energy. Envenergy develops and markets remote monitoring, control, and gateway services and products for building automation systems.

The new holding company is headquartered in Windsor, Colo., with Dennis Orwig, CEO of Encorp, serving as CEO of Encorp Inc., and Mike Cruse, Envenergy co-founder and chief technology officer, serving as chief technology officer of Encorp Inc.

"All of our investors understand the important role Encorp plays in the distributed-energy market," Orwig said. "This transaction allows us to expand our role in the distributed energy arena and offer technologies to enhance building automation systems."

Encorp Inc. will continue to provide products and services to existing Envenergy and Encorp customers.

Envenergy's Mediator technology and enterprise architecture are expected to become the communications, gateway, and control platform for Encorp's distributed-energy products. According to the company, Mediator technology offers a single Web-based view of nearly all building systems in a facility, including HVAC, lighting, refrigeration, and security. With the transaction, the technology will be expanded to include distributed-energy operations.

"The transaction broadens Encorp's product line," Orwig said. "We'll now be available to help manufacturers, retailers, hospitals, department stores, office towers, health clubs, and other companies reduce operation and maintenance costs of energy or equipment. It also deepens Encorp's IT infrastructure and provides expanded communication and control technologies for our customers."

For more information on Envenergy, visit www.envenergy.com. For additional information on Encorp, visit www.encorp.com.

Publication date: 05/17/2004

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Greg Mazurkiewicz

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 World Energy Engineering Congress

Scenes from the 2014 World Energy Engineering Congress in Washington, D.C.

Podcasts

NEWSMakers: Matt Barga

Matt Barga, portfolio manager — a/c and coils, Ingersoll Rand, discusses how the company is working to comply with the new energy conservation standards for heat pumps and air conditioners that go into effect on Jan. 1, 2015. Posted on Dec. 19.

More Podcasts

ACHRNEWS

NEWS 12-15-14 cover

2014 December 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

HVAC TECHNICIAN SHORTAGE

In order to bring more people into the trade and produce more technicians, what should the industry do?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con