Strategic acquisition expands Eco Engineering’s expertise in the movie theatre customer segment
(April 23, 2019 Cincinnati, Ohio) – Eco Engineering, the largest independent design and build engineering firm in the US energy efficient lighting industry, announced today that it has successfully completed the acquisition of InVision Technologies, Inc, a lighting services firm headquartered in Coppell, Texas. Terms of the acquisition were not disclosed.
InVision Technologies, Inc. was founded in 2014 to provide lighting design, upgrade services, and product supply to commercial entities across the United States. The company, under the leadership of founder Kent Hafemann, developed a deep understanding of lighting products pricing structures and global sources. This understanding, combined with Kent’s expertise in sales, design, lighting/fixture specification, project installation services, and distribution operations formed the bedrock of InVision Technologies, Inc.
Eco Engineering has executed an asset purchase agreement with InVision Technologies which includes the absorption of specific personnel and lighting contracts with customers. The acquisition gives Eco Engineering increased capacity and specialized skills to offer expanded lighting services for its customers in the Fortune 1000 commercial and industrial segment, particularly in the movie theatre and cinema market. In addition, the acquisition provides additional resources to support its growing number of projects in the Texas region.
“Eco Engineering remains committed to helping our customers reduce their energy operating costs while making a positive impact on the environment,” said Tom Kirkpatrick, Eco Engineering President and CEO. “The acquisition of InVision Technologies strengthens our ability to better serve the commercial and industrial markets.” Kirkpatrick added that “continued advances in LED lighting technology and advanced lighting control systems provide opportunities for up to 75% reduction in energy required to operate lighting systems.”
“Joining forces with Eco Engineering provides InVision Technologies customers additional capabilities,” said Kent Hafemann, CEO of InVision Technologies, who becomes Senior National Accounts Executive for Eco Engineering following the acquisition. “Our combination immediately adds increased purchasing power and expanded manpower, which translates into an even stronger value proposition going forward. With the entire InVision team now part of Eco Engineering, we look forward to having a wider and deeper ability to meet customer needs.”
Eco Engineering provides energy efficient lighting services to both Fortune 1000 firms and energy service companies (ESCOs). The company has a distinctive profile in that they are an engineering and design firm which comprehensively audits the existing lighting infrastructure, designs replacement systems best suited for the facility, performs all project implementation phases including product supply, and follows EPA compliant disposal services. In addition, the firm helps clients qualify for federal, state or local utility incentives to reduce project expense and boost return-on-investment.
Eco Engineering completed over 135 projects in 2018 involving commercial office buildings, industrial facilities, schools, municipal buildings, retail stores, hospitals, hotels and distribution centers. The combined impact of these projects was a reduction of 85 million kilowatts of electricity per year and more than $8 million in annual energy savings for Eco Engineering customers. The company has been growing rapidly in recent years and expects continued double-digit growth as more and more businesses recognize the importance of sustainability and the huge potential for saving money on their electric bills.
About Eco Engineering
For more than 25 years, Eco Engineering has helped its customers reduce operating costs through increased energy savings while playing a part in preserving the environment for generations to come. Eco Engineering is a national design build engineering firm which specializes in providing energy efficient lighting and lighting controls upgrades in large facilities. Eco Engineering has completed thousands of projects for customers such as Adidas Group, AT&T, Johnson Controls, Kroger, Performance Services, Siemens among others.