#IndustrialTech

Building Automation

The market lacks a cohesive solution for aggregating all relevant pieces of data in order to control, monitor and analyze the management of a building through an easy-to-use interface.

LLR’s Industrial Technology team is seeking to build a platform of connected buildings solutions for end markets including commercial real estate, multi family, healthcare and manufacturing. CEOs of companies in the space, or the intermediaries working with them, should contact Katie Lankalis to discuss relevant opportunities for LLR to support their growth strategy.

As security, operations/maintenance and tenant experience converge, companies will either need to build their own capabilities, acquire them or forge partnerships in order to deliver a true end-to-end experience.

Lee Odess, former LLR Senior Operating Advisor, founder of Group 337 and SVP at Latch

See You There?

January 22, 2024
AHR Expo
Learn More
March 12, 2024
NMFT 2024
Learn More
May 5, 2024
IFMA Facility Fusion
Learn More

Why We're Investing in Building Automation

Industry Tailwinds

Three primary industry trends present the need and growth opportunity for a verticalized connected buildings platform:

  1. The built environment is riddled with patch solutions and data silos, creating an opportunity to buy, build and partner with other solutions to provide a holistic view of activity across systems.

2. OEMs are incorporating remote monitoring capabilities but struggle to connect other pieces of equipment outside their products.

3. It is a fragmented market with compelling acquisition opportunities to drive inorganic growth alongside organic growth.

Value Proposition for Building Automation

We believe these product categories will ultimately converge in a verticalized way to provide customers with an end-to-end solution. By enabling proactive/preventative maintenance, ROI can be driven through:

  • Optimizing building and tenant comfort
  • Energy efficiency, spend reduction and ESG reporting
  • Access control
  • Lengthening the useful life of equipment
  • Reducing labor, maintenance and capital costs

Areas of Interest

Relevant product categories of interest for LLR investment include:

  • Security & Access Control
  • Energy Usage & Maintenance
  • Space Utilization
  • Air Quality Monitoring
  • Occupancy Comfort

Market opportunity for proactive, preventative maintenance of commercial buildings

30%
1
of energy is wasted due to outdated building management systems
20% / 12%
3
of U.S. energy consumption and greenhouse gas emissions from the commercial sector
$6.8B
2
size of the building automation market, growing at 17% CAGR

Get to Know LLR Partners

25 Year History of Investing in Technology & Services

  • Founded in 1999, LLR is a growth oriented private equity firm investing in high growth, disruptive technology and services companies
  • Raised over $7.0 billion of capital across seven funds
  • We are focused on organic, topline growth initiatives and complementary acquisitions to create value for all stakeholders
  • Dedicated focus in Security and IoT

Operational Support

  • Leverage best practices developed through codifying successful strategies across our 130+ investments since inception
  • Access LLR’s Value Creation Team (strategy, talent, S&M, Product, finance, M&A) to help accelerate growth

Focus on Partnership

  • Flexible capital provider (majority or minority ownership)
  • Reward and motivate key players with equity

Investment Criteria

  • Proven business model with $10M+ of revenue
  • Ability to invest $30 – $150M of equity
Select Investment Experience

LLR invests in the sectors where our investment experience indicates there are attractive business models and market trends supporting strong growth potential. Here are some of our related investments in industrial technology.

Latest GrowthBits

View All
#Industrial Tech
The Smart Building Has Evolved: Here’s How Technology Vendors Can Gain an Advantage
Lee Odess / former LLR Senior Operating Advisor, founder of Group 337 and SVP at Latch
#Technology
Considering an Industrial IoT (Internet of Things) Strategy? Read This First.
Joel Young / Board Director
#Industrial Tech
Platform Convergence Will Transform Remote Asset Monitoring
Dan Irwin / Principal
#Industrial Tech
Why Industry 4.0 Will Determine the Next CMMS/EAM Market Leaders
Paul Lachance / Senior Operating Advisor

Meet the LLR Team

David Stienes

David Stienes
Michael Levenberg

Michael Levenberg
Katie Lankalis

Katie Lankalis
Mike Zabin

Mike Zabin
Sara Coyne

Sara Coyne

Related News

News

April 13, 2023

Stealth Monitoring Supercharges Artificial Intelligence Capabilities with Caliber Communications Acquisition

Stealth Monitoring (“Stealth”) announced that it has acquired Caliber Communications and Syncro Monitoring (collectively “Caliber”), further expanding capabilities as the...

News

February 28, 2023

Volaris Group Acquires WennSoft (formerly Key2Act)

First acquisition in field service management vertical brings new talent, technology, and expertise Today Volaris Group announced the acquisition of...

News

June 27, 2023

3SI Security Systems and Wren Solutions Combine to Strengthen Their Leadership in Retail Loss Prevention and Asset Protection

3SI Security Systems and Wren Solutions announced today that they will merge, strengthening both companies’ product offerings and leadership in...

References

  1. “The Difference a Building Can Make,” Energy Star brochure, 2010, https://www.energystar.gov/ia/partners/publications/pubdocs/C+I_brochure.pdf
  2. Smart Homes, Buildings (Energy Efficient, Automated) Market,” Allied Market Research, 2022, https://www.alliedmarketresearch.com/smart-home-automated-building-market
  3. “UNITED STATES ELECTRICAL ENCLOSURES MARKET SIZE & SHARE ANALYSIS – GROWTH TRENDS & FORECASTS (2023 – 2028),” Mordor intelligence, 2023, https://www.mordorintelligence.com/industry-reports/us-electrical-enclosures-market
Disclaimer:

The information presented herein is intended for an audience of potential LLR portfolio companies and the intermediaries supporting their capital raise processes. Named LLR investments presented herein do not reflect a complete list of LLR investments and are provided for informational purposes only. Certain statements about LLR made by portfolio company executives and other quoted parties herein are intended to illustrate the work of LLR’s Value Creation Team with such portfolio companies or reflect the individual’s perspective on the featured industry sector. Such portfolio companies are controlled by investment vehicles managed by LLR. Quoted parties were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company or Senior Operating Advisor roles, and in certain cases are also owners of portfolio company securities and/or investors in LLR-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.