NEW YORK and MONTREAL — TPG Special Situations Partners (TSSP), the credit arm of TPG, and SMi-Enerpro, a division of The SM Group Inc., have announced the launch of a new joint venture to provide financing for the SMi-Enerpro energy efficiency platform. The new venture will make SMi-Enerpro’s Technology Suite — designed to enable building owners to reduce energy consumption and achieve significant cost savings — available on a fully financed turnkey basis.

TSSP will provide the capital to finance energy efficiency projects that will bring SMi-Enerpro energy optimization solutions to a larger market globally including commercial buildings and data centers. SMi-Enerpro retrofits buildings in North America and Europe and puts its proprietary energy management system in place, delivering average energy and cost savings of 40 percent per project, according to the company.

“Our customized energy solutions deliver substantial energy savings, reducing operating costs as well as greenhouse gas emissions, and leaving our clients with smart, more profitable buildings,’’ said Bernard Poulin of The SM Group Inc. “TSSP brings capital as well as operational expertise to our joint venture, and we look forward to working with them to grow our business.”

Michael Feldman of TSSP said, “Through well-designed energy efficiency projects and their unique toolkit, SMi-Enerpro has brought significant savings to commercial building owners for more than 20 years. We are very pleased to partner with this talented team to provide the upfront capital that will allow more building owners to reduce costs while improving their carbon footprint.”

For more information about TPG Special Situations Partners, visit For more information about SMi-Enerpro, visit

Publication date: 5/12/2014

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