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KONE Oyj (HLSE:KNEBV) has opened a Digital Experience Centre in Pune, India, giving customers a live view of how its AI, connectivity, and data tools shape elevator and smart building solutions.

The Digital Experience Centre launch lands at a time when KONE Oyj's short-term share price momentum is picking up, with a 30-day share price return of 6.39% and a 90-day gain of 6.93%. However, the year-to-date share price is still down 13.09%, and the 1-year total shareholder return has declined 3.44%, compared with a much stronger 3-year total shareholder return of 48.95%. This points to a longer-run recovery story still in play.

Scan 92 AI infrastructure stocks to find more businesses using AI and connected hardware to shape how people move through buildings and cities.

KONE Oyj looks like a solid elevator and smart building powerhouse, yet the recent bounce in the share price raises a sharper question: Are you paying a fair price for that quality today?

Most Popular Narrative: 33% Undervalued

The most followed narrative on KONE Oyj pegs fair value at €79.30, well above the last close of €52.96. The story hinges on whether service led growth and a bigger installed base can support that gap over time.

Share gains outside China, evidenced by 10.9% year on year order growth in Q2 2026 with double digit increases in three regions and strong contributions from both New Building Solutions and modernization, give KONE Oyj scope to convert a larger installed base into higher long term revenue and service driven earnings.

See why 1 investors see KONE Oyj as 33% undervalued.

Result: Fair Value of €79.30 (UNDERVALUED)

Still, the KONE Oyj story can break if the planned TK Elevator tie up loads too much debt or if China pricing pressure keeps squeezing group level profitability.

Find out about the key risks to this KONE Oyj narrative.

Another View: What KONE Oyj's P/E Is Telling You

There is a very different story once the focus shifts from fair value narratives to the plain P/E number. KONE Oyj trades on 29.1x earnings, above the European Machinery group at 20.6x, the peer average at 18.7x, and its own fair ratio of 28.4x. That premium suggests less room for error if the bullish case on margins and growth stumbles, so it is worth considering whether you are comfortable paying a higher multiple for this quality.

See what the numbers say about this price in our valuation breakdown, starting with See what the numbers say about this price — find out in our valuation breakdown..HLSE:KNEBV P/E Ratio as at Oct 2026

Next Steps

Feeling torn between the bullish fair value story and that punchy P/E multiple? Act while the data is fresh and weigh both sides using 2 key rewards and 1 important warning sign.

Story Continues

Looking for more investment ideas beyond KONE Oyj?

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Target potential mispricing by scanning companies on our high quality value radar through the 175 high quality undervalued stocks. Strengthen your hunt for resilience by reviewing a list of solid balance sheet and fundamentals (204 results) that can handle tougher conditions without stretching finances. Get ahead of the crowd by checking a curated pool of 618 high quality undiscovered gems that still fly under most investors' radars.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include KNEBV.HE.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Investing.com -- Citi Research upgraded elevator maker Kone to "buy" from "neutral" with a €63 price target, saying the shares' fall since February means they price in only a very low probability of its proposed Thyssenkrupp Elevator acquisition.

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The target was cut from €65 because Citi lowered its long-term growth assumption to 3.0% from 3.5% and raised its discount rate to 7.8% to reflect higher bond yields.

Kone shares closed at €51.72 on Oct. 6. Citi expects a 21.8% share price return and a 25.6% total return including dividends.

Citi values Kone at about €55 a share if the deal falls through, which includes an assumed €1.5 billion break fee.

That is broadly in line with the current price. If the deal goes ahead, it values the combined company at about €68 a share. Its target assumes a 60% chance of the deal completing. Citi called the upside from the deal "essentially a 'free option'" at the current price.

Kone shares trade at about 15.5 times expected 2027 earnings before interest, tax and amortisation, on an enterprise-value basis, against an average of about 18.7 times since 2016. Citi said this reflects fears about rising costs outpacing prices, but it sees only modest downside to consensus 2027 estimates.

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Citi said Kone's estimate of €700 million in annual savings within three years of completion looks credible, even after assumed sales of some businesses. Its own estimates add up to €710 million.

The largest part is service, at €250-300 million. Citi said the combined company would have the world's largest fleet of elevators under maintenance, at 3.2 million units, which could let it grow without hiring technicians as aggressively.

Citi said this could lift the combined service margin above 25%. It also expects double-digit earnings-per-share growth from the deal by the third year and a Kone operating margin of about 17%.

Kone agreed to buy TKE, which is owned by Advent and Cinven, for an enterprise value of €29.4 billion. That includes about €20.2 billion for the shares, paid as €5 billion in cash and about €15.2 billion in new Kone shares. Kone would also refinance about €9.2 billion of net debt.

The deal is under review in major jurisdictions, with the European Union still at the "pre-filing" stage. Kone has said it expects a 12 to 18 month process. Citi said 18 months is more likely a minimum, which would put completion in autumn 2027 or later.

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Citi's base case is that Kone must sell businesses with about €1.6 billion of European revenue, likely including one major factory, to create a new fourth competitor. As Reuters reported on Oct. 1, Kone is expected to launch a sale process for the assets in November.

Citi said it does not assume any U.S. sales. If Kone had to sell half its legacy U.S. business, Citi estimated synergies would fall to about €450 million and earnings-per-share growth would shrink to single digits. Citi said it sees such a requirement as the more plausible reason Kone might walk away from the deal.

Original Article

Citi turns bullish on Kone as share slump leaves TKE deal unpriced

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Company Logo

The global residential elevators market is projected to grow from USD 51.8 billion in 2026 to USD 58.6 billion by 2031, at a 2.5% CAGR. Growth is driven by aging populations, demand for home accessibility, energy-efficient buildings, smart cities, and infrastructure investment. Machine-room-less elevators, maintenance and repair services, and North America are expected to be the second-largest segments. The report profiles leading companies, including Otis, Schindler, KONE, Hitachi, Hyundai Elevator, Mitsubishi Electric, and TK Elevator.

Residential Elevators MarketResidential Elevators Market

Dublin, July 31, 2026 (GLOBE NEWSWIRE) -- The "Residential Elevators Market by Elevator Technology, Service, and Region - Global Forecast to 2031" has been added to ResearchAndMarkets.com's offering.

Residential Elevators Market to Reach USD 58.6 Billion by 2031 as Accessibility, Smart Technology and Energy Efficiency Drive Demand

The global residential elevators market is projected to grow from USD 51.8 billion in 2026 to USD 58.6 billion by 2031, registering a compound annual growth rate (CAGR) of 2.5% during the forecast period. Market expansion is being supported by the aging global population, increasing demand for home mobility and accessibility solutions, greater emphasis on energy-efficient buildings, and rising investment in smart cities and infrastructure development.

Machine-Room-Less Traction Elevators Gain Residential Market Share

Machine-room-less (MRL) traction elevators are projected to represent the second-largest elevator technology segment during the forecast period. Their compact configuration, strong performance and efficient use of available space make them increasingly suitable for single-family homes, townhouses, luxury residences and other upscale residential projects.

MRL elevators can deliver smooth, quiet operation and improved ride comfort while reducing energy consumption through technologies such as regenerative drives and permanent magnet motors. Their compact footprint also supports installation in both new construction and retrofit projects. Demand is further strengthened by compatibility with contemporary architecture and advanced capabilities such as smart controls, remote monitoring and predictive maintenance.

Continued technology development is improving the reliability, efficiency and usability of MRL systems. As homeowners, architects and builders prioritize sustainable, space-efficient and digitally connected residential elevator solutions, MRL technology is expected to maintain a significant position within the global elevator industry.

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Maintenance and Repair Services Support Recurring Market Growth

The maintenance and repair category is forecast to be the second-largest residential elevator service segment. Residential elevators require periodic inspection, servicing, lubrication, software updates and system optimization to maintain safety, reliability and long-term operational performance. The expanding installed base of residential elevators worldwide is consequently increasing demand for scheduled and preventive maintenance.

Annual maintenance contracts are becoming more important as homeowners seek to extend equipment life, maintain consistent performance and comply with manufacturers' recommendations. Internet of Things (IoT) monitoring, remote diagnostics and predictive maintenance are also transforming service delivery by allowing providers to track system health and address potential issues proactively.

Elevator manufacturers are expanding aftermarket service networks through comprehensive maintenance packages, digital diagnostic tools and rapid-response support. These services are creating recurring revenue opportunities while improving customer convenience and equipment availability. Greater awareness of preventive maintenance, combined with wider adoption of technologically advanced residential elevators, will continue to support this segment.

North America Projected to Remain the Second-Largest Regional Market

In value terms, North America is projected to be the second-largest residential elevators market during the forecast period. Growth is supported by strong demand for home accessibility solutions, luxury housing, custom-built homes and new residential infrastructure. The region's large elderly population is increasing adoption among homeowners seeking independent living and convenient movement between floors.

Renovation and home improvement activity also contributes to demand, as residential elevators can enhance accessibility, convenience and property value. High consumer purchasing power and strong adoption of advanced home technologies support the installation of smart residential elevators featuring IoT connectivity, touchless controls, remote diagnostics and energy-efficient systems.

North America also benefits from the presence of major elevator manufacturers, established service networks and ongoing innovation in compact and MRL elevator technologies. Universal design initiatives and demand for premium home features are supporting continued investment across the United States and Canada.

Competitive Landscape and Companies Covered

The residential elevators market report includes an in-depth competitive assessment of leading companies, including their profiles, recent developments, market shares, service offerings and key growth strategies. Companies covered include:

Otis Worldwide Corporation (US) Schindler (Switzerland) KONE Corporation (Finland) Hitachi Ltd. (Japan) Hyundai Elevator Co. Ltd. (South Korea) Fujitec Co., Ltd. (Japan) Toshiba Elevator and Building Systems Corporation (TELC) (Japan) Mitsubishi Electric Corporation (Japan) TK Elevator (Germany) SJEC Corporation (China)

The competitive analysis examines strategies such as partnerships, collaborations, product launches, business expansions and acquisitions. It also evaluates emerging startups within the residential elevators market ecosystem.

Research Scope and Market Segmentation

The research categorizes the residential elevators market by elevator technology, service and region. Technology segments include traction elevators, machine-room-less traction elevators and hydraulic elevators. Service segments comprise new installation, maintenance and repair, and modernization. Regional coverage includes Asia Pacific, North America, Europe, South America, and the Middle East and Africa.

The respondent profile used in the research was distributed as follows:

By company type: Tier 1, 25%; Tier 2, 42%; and Tier 3, 33%. By designation: C-level executives, 20%; directors, 30%; and other designations, 50%. By region: North America, 20%; Europe, 10%; Asia Pacific, 40%; South America, 10%; and the Middle East and Africa, 20%.

Other designations include sales, marketing and product managers. Tier 1 companies have revenue exceeding USD 1 billion; Tier 2 companies have revenue between USD 500 million and USD 1 billion; and Tier 3 companies have revenue below USD 500 million.

Key Residential Elevators Market Insights

Market drivers: Aging populations and rising home mobility demand, increasing emphasis on building energy efficiency, and expanding investment in smart cities and infrastructure. Market restraints: High maintenance costs and uncertainty associated with the global economy. Market opportunities: Residential Elevator-as-a-Service (EaaS) models and standardized plug-and-play retrofit platforms. Market challenges: Compliance with multiple regional safety standards and adaptation to diverse residential building structures. Product development and innovation: Analysis of upcoming technologies, research and development activity, and residential elevator product and service launches. Market development: Evaluation of attractive residential elevator markets across major global regions. Market diversification: Coverage of new products and services, untapped geographies, recent industry developments and investments.

The report provides market leaders and new entrants with revenue estimates for the overall residential elevators market and its subsegments. It is designed to help stakeholders evaluate the competitive landscape, strengthen market positioning, identify growth opportunities and develop informed go-to-market strategies.

Key Attributes:

Report Attribute Details No. of Pages 315 Forecast Period 2026 - 2031 Estimated Market Value (USD) in 2026 $51.8 Billion Forecasted Market Value (USD) by 2031 $58.6 Billion Compound Annual Growth Rate 2.5% Regions Covered Global

Key Topics Covered:

Market Dynamics

Drivers

Aging population is driving home mobility demand Increasing focus on energy efficiency in buildings Increasing investment in smart cities and infrastructure development Challenges

High maintenance cost Uncertainty & risk regarding global economy Compliance with Multiple Regional Safety Standards Diverse residential building structures Case Studies

VISTA SERENA - SAVARIA VUELIFT THE GLEN ECLIPSE - SAVARIA ECLIPSE MRS. OJEDA RESIDENCE, FLORIDA - STILTZ DUO HOME ELEVATOR Industry Trends

PORTER'S FIVE FORCES' ANALYSIS

THREAT OF NEW ENTRANTS THREAT OF SUBSTITUTES BARGAINING POWER OF SUPPLIERS BARGAINING POWER OF BUYERS INTENSITY OF COMPETITIVE RIVALRY MACROECONOMIC ANALYSIS

INTRODUCTION GDP TRENDS AND FORECASTS VALUE CHAIN ANALYSIS ECOSYSTEM ANALYSIS PRICING ANALYSIS

AVERAGE SELLING PRICE RANGE OF ELEVATORS, BY TYPE RESIDENTIAL ELEVATORS (AVERAGE PRICE RANGE) TRADE ANALYSIS

IMPORT DATA RELATED TO HS CODE 842810, BY COUNTRY, 2021-2025 (USD THOUSAND) EXPORT DATA RELATED TO HS CODE 842810, BY COUNTRY, 2021-2025 (USD THOUSAND) KEY CONFERENCES AND EVENTS, 2026-2027 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS INVESTMENT AND FUNDING SCENARIO IMPACT OF 2025 US TARIFFS ON RESIDENTIAL ELEVATORS MARKET

INTRODUCTION KEY TARIFF RATES PRICE IMPACT ANALYSIS KEY IMPACT ON VARIOUS REGIONS

US Europe Asia Pacific INDUSTRY IMPACT Opportunities

Residential Elevator-as-a-Service (EaaS) Standardized plug-and-play retrofit platforms

Company Profiles

OTIS WORLDWIDE CORPORATION SCHINDLER KONE CORPORATION HITACHI, LTD. HYUNDAI ELEVATOR CO., LTD. FUJITEC CO., LTD. TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION MITSUBISHI ELECTRIC CORPORATION TK ELEVATOR SJEC CORPORATION KLEEMANN SIGMA ELEVATORS WEMAINTAIN ESCON ELEVATORS SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO., LTD. ORONA EITA ELEVATOR GLARIE ELEVATOR AARON INDUSTRIES LTD. LEO ELEVATORS TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED STANNAH GROUP CIBES LIFT WALTON GROUP EXPEDITE AUTOMATION LLP LIFT AI VENTURES INC.

For more information about this report visit https://www.researchandmarkets.com/r/cx38e

About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Residential Elevators Market

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Kone Oyj Unsponsored ADR (KNYJY) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.3 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -15.63%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.24, delivering a surprise of -4%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Kone Oyj, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $3.42 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.21%. This compares to year-ago revenues of $3.23 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Kone Oyj shares have lost about 22.6% since the beginning of the year versus the S&P 500's gain of 9.7%.

What's Next for Kone Oyj?

While Kone Oyj has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Kone Oyj was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.32 on $3.4 billion in revenues for the coming quarter and $1.28 on $13.53 billion in revenues for the current fiscal year.

Story Continues

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Electronics is currently in the top 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Pioneer Power Solutions, Inc. (PPSI), has yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of -45.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Pioneer Power Solutions, Inc.'s revenues are expected to be $5.1 million, down 39.1% from the year-ago quarter.

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Kone Oyj Unsponsored ADR (KNYJY) : Free Stock Analysis Report

Pioneer Power Solutions, Inc. (PPSI) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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This article first appeared on GuruFocus.

Modernization Growth: Over 15% increase. Orders Growth: Increased by almost 11% in the quarter. Sales Growth: 3.4% increase in comparable currencies; year-to-date growth at 5%. Adjusted EBIT Margin: Expanded by 40 basis points. Adjusted EBIT: EUR 370 million. Cash Flow: Year-to-date cash flow rose to $937 million. Service Connectivity: Maintenance portfolio connectivity at 44%. Regenerative Drives: 75% of equipment deliveries equipped with regenerative drives.

Warning! GuruFocus has detected 3 Warning Sign with KNYJF. Is KNYJF fairly valued? Test your thesis with our free DCF calculator.

Release Date: July 22, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

KONE Oyj (KNYJF) reported a strong acceleration in modernization, with growth exceeding 15%, highlighting success in capturing opportunities from aging building stock. The company achieved further margin expansion and strong cash generation, reflecting a disciplined execution and a quality business mix. Orders grew by almost 11% in the quarter, with three out of four regions delivering double-digit growth. KONE Oyj (KNYJF) increased connectivity in its maintenance portfolio to 44%, enhancing customer value and service capabilities. The planned combination with TKE is progressing well, with strong shareholder support and regulatory reviews advancing as planned.

Negative Points

Order margins declined slightly year-on-year due to inflationary pressures, despite actions taken to address this. The demand for new building solutions in China remains weak, impacting overall market activity. Service growth was slower due to high comparison points in China and reduced M&A contributions in Europe. Inflationary pressures linked to geopolitical tensions, including elevated logistics costs, continue to pose challenges. The company faces ongoing risks from geopolitical developments, which could impact market resilience and growth.

Q & A Highlights

Q: Can you provide insights into the modernization revenue growth and its outlook for the rest of the year? A: Ilkka Hara, CFO, explained that the strong double-digit growth in modernization orders reflects the slower growth rates seen in earlier quarters. He expressed confidence in continuing to grow the modernization business at a double-digit rate, aligning with KONE's strategic ambitions.

Q: How is the Chinese fund program impacting modernization, and what is KONE's position in this market? A: Philippe Delorme, CEO, noted that China is a strong market for modernization, driven by the government-led Guozhai program and customer-specific projects. KONE has captured a significant share in both segments, contributing to its growth in the Chinese modernization market.

Story Continues

Q: What factors contributed to the order margin decline, and how is KONE addressing this issue? A: Ilkka Hara, CFO, stated that the slight decline in margins was due to increased costs from inflationary pressures, not pricing. KONE has implemented pricing measures and cost management strategies to counter these pressures, expecting stabilization or improvement in margins moving forward.

Q: How is KONE managing service growth, and what are the expectations for achieving strategic targets? A: Philippe Delorme, CEO, expressed confidence in achieving high single-digit growth in service. He attributed the recent lower growth to a high base in China, slowed M&A initiatives, and execution issues in specific geographies, which have been addressed.

Q: Can you provide an update on the TKE combination and its progress? A: Philippe Delorme, CEO, confirmed that the TKE combination is progressing as planned, with strong collaboration between teams. The regulatory process is underway, and KONE remains confident in achieving the targeted $700 million cost synergies.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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This article first appeared on GuruFocus.

Germany's dealmakers could be entering one of their busiest periods in decades as long-awaited transactions finally begin moving forward. Volkswagen (VWAGY) has agreed to sell a stake in its Everllence marine engine business to Bain Capital, in a deal expected to bring in about 7.4 billion for the automaker. The transaction adds to $125 billion of announced deals involving German companies this year, according to Bloomberg data, putting the first-half tally on track to possibly rank as the third-highest in the past 20 years.

Warning! GuruFocus has detected 2 Warning Signs with TMUS. Is TMUS fairly valued? Test your thesis with our free DCF calculator.

The momentum follows several major deals that had been discussed for years. Kone is moving ahead with its 29.4 billion takeover of TK Elevator, while Deutsche Borse has agreed to buy Allfunds for 5.3 billion. Goldman Sachs bankers said many of these transactions had already been sitting on board agendas, as German companies look to address strategic challenges shaped by low growth in Europe, stronger growth in the US, and the changing impact of AI across industries.

More activity could still be ahead. Commerzbank remains the target of UniCredit's long-running pursuit, Uber is laying the groundwork for a possible Delivery Hero acquisition, and Deutsche Telekom has been discussing a potential combination with T-Mobile US (NASDAQ:TMUS). Private equity firms are also pushing deeper into German industrial assets, with Triton agreeing to buy Flender for about 3 billion, ContiTech drawing strong interest, and Stada reportedly eyeing a potential 6 billion acquisition of Cooper Consumer Health.

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EDISON, N.J., June 22, 2026--(BUSINESS WIRE)--Albireo Energy, a leading independent building controls and energy services provider and a Huron Capital portfolio company, today announced that Kevin Baxter has been appointed CEO, a leadership transition that reinforces the company's momentum and affirms Huron Capital's confidence in Albireo Energy's long-term strategy. Larry G. Wash, who has served as both co-Chairman and CEO, will continue as co-Chairman.

Since 2023, Baxter has been serving as President, playing a central role in leading Albireo Energy's growth strategy, overseeing sales performance, and operating results. Under his leadership, the company reported strong profitable growth and a near-balanced mix of building controls solutions and ongoing service. Baxter spearheaded the company's regional go-to-market approach and advanced data center, mission critical, energy procurement, and Intelligent Services strategies.

Baxter previously held senior leadership positions at Munch's Supply, Trane Technologies and KONE. He is recognized for driving transformational service growth and brings experience in talent development, service expansion and long-term business sustainability.

"Kevin's appointment reflects our disciplined succession planning process and our commitment to developing strong leaders across Albireo Energy," said Jim Mahoney, Managing Partner at Huron Capital and co-Chairman of the Albireo Energy Board. "As CEO, Kevin will lead Albireo Energy's value-creation strategy by advancing our market position, expanding geographic reach, and strengthening the capabilities that help building owners operate more efficiently and effectively. Huron Capital's support of this transition reinforces our confidence in Albireo Energy's direction and long-term potential."

As co-Chairman, Wash will continue to focus on the company's M&A activity, support strategic planning, engage with key customers, and provide governance along with the company's Board of Directors.

Over the past three years, Wash has led Albireo Energy through a significant period of transformation, improving operational performance and establishing a long-term strategy centered on the company's five Must Win Battles: People, Smart Growth, Service, Project Excellence and Cash.

"Larry's leadership as CEO and Chairman has positioned Albireo Energy for long-term success, and we appreciate the strategic vision, operational discipline, and people-focused culture he established," said Mahoney. "We know his strategic agility and commitment to Albireo Energy, our strategy, our customers, and our people will remain central, and he will be an instrumental partner to Kevin and the Board of Directors."

Story Continues

Under Wash's leadership, the company integrated 24 acquisitions into a single operating platform, recorded sustained EBITDA growth, and achieved strong customer satisfaction and retention. Wash also advanced employee benefits and was a major proponent of safety and employee engagement initiatives.

Albireo Energy enters the second half of 2026 with a focused leadership team, a clear strategic roadmap and continued momentum across its branches.

About Albireo Energy

Albireo Energy is a leading independent building controls and energy services provider recognized by customers for creating intelligent, high-performance buildings. We help building owners and their teams make decisions about building automation that achieve operating performance, decarbonization, and sustainability goals. Our building performance experts design and deliver technology and service solutions that give building owners and operators maximum control of data centers, offices, hospitals, universities, manufacturing plants, and multi-use sites. Our work begins with engineering, project planning, and exceptional execution and extends through maintenance, monitoring, analytics, and energy procurement services. At Albireo Energy, our promise is to stay connected. For more information, visit https://albireoenergy.com.

About Huron Capital

Huron Capital brings a people-first and thematic approach to private equity investing in secularly relevant and fragmented sectors of the North American services industry. We pride ourselves on an unwavering commitment to candor, trust, accountability, and transparency in our relationships with management teams, investors, advisors, and employees. Founded in Detroit in 1999, we partner with entrepreneurs and management teams, empowering their companies to new levels of excellence. We provide resources to help companies grow by professionalizing operations, improving service offerings, executing M&A strategies, and accessing new markets. Huron Capital has managed over $1.8 billion on behalf of a global institutional investor base. We fulfill our commitment to all stakeholders by employing a repeatable playbook to drive thoughtful value creation, showcased in over 250 acquisitions since the firm's inception.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260622289182/en/

Contacts

Perri Richman prichman@albireoenergy.com (732) 319-1024

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