EDISON, N.J.--(BUSINESS WIRE)--Jun 22, 2026--
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.
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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.”
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.
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.
OBBUERGEN, Switzerland (AP) — U.S. Vice President JD Vance and Iran's parliamentary speaker Mohammad Bagher Qalibaf on Monday wrapped up a lengthy round of initial talks aimed at solidifying a permanent end to the war between the countries.
The mediation effort in Switzerland, which started Sunday and stretched into the early hours of Monday, had rocky moments. But the talks also led to some agreements between the two sides.
In a joint statement, mediators Pakistan and Qatar said that while the high-level engagement had ended, technical negotiations would continue in Switzerland this week.
Vance was expected to make remarks from the resort at 1 p.m. local time, his office said.
The mediators hailed what they called “encouraging progress” made during the talks. A senior U.S. diplomat claimed progress on multiple fronts, including the establishment of “mechanisms” to ensure the Strait of Hormuz, a vital waterway for global energy shipments, remains open and that a ceasefire in the fighting between Israel and Iran-backed Hezbollah militants in southern Lebanon holds.
Yet the talks between the United States and Iran were jolted by blistering statements from U.S. President Donald Trump, who, from thousands of miles away from the Swiss negotiating venue at a mountainside resort near Lake Lucerne, was firing off comments that offended the Iranians.
Iranian state media said talks had paused after the “publication of an insulting message by the U.S. President," according to Iranian state media.
Ultimately, the Iranians remained on site and negotiations continued, according to the senior U.S. diplomat, who was not authorized to comment publicly and briefed reporters on the condition of anonymity.
Iranian state television reported Monday that the Iranian delegation had left the summit site to head to the airport in Zurich to fly back to Tehran.
Trump didn't attend what was dubbed the “Lake Lucerne Summit," but his presence certainly loomed large.
Ahead of the talks, Iranian President Masoud Pezeshkian had vowed to “never back down from the right to enrich uranium,” according to state media.
Trump on Sunday told Fox News in a phone interview that Pezeshkian should watch what he says and also threatened to take over Iran, according to one of the news channel's correspondents.
Trump also continued to issue warnings against Iran on social media, posting as negotiators worked: “Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble. If they don’t, we’ll hit Iran very hard again, just like we did last week, only harder!!!”
It’s unclear when Vance will depart Switzerland. Trump envoys Jared Kushner and Steve Witkoff are handling many of the technical details on behalf of the U.S. delegation.
Iranian Foreign Minister Abbas Araghchi wrote on X that Pakistani and Qatari mediators delivered "major progress to end the Lebanon War.” But, he added, the first “real test” of negotiations would be whether the mechanism succeeded in halting the fighting between Israel and Hezbollah.
The senior U.S. diplomat said among the issues discussed was Iran’s messaging as it related to the Strait of Hormuz, which Iran’s military said it closed Saturday in response to continued fighting in Lebanon. U.S. Central Command has disputed that Iran closed the strait again.
The interim deal to end the fighting in Iran, signed last week by the leaders of the U.S. and Iran, also sets a 60-day period for negotiators to settle the future of Tehran’s nuclear program amid concerns that it wants to use it for military purposes, a claim Iran denies. The fate of frozen Iranian assets, among other thorny issues, are also on the agenda.
Though the talks will encompass a vast array of complex matters, Iran has insisted on first addressing the fighting in Lebanon.
Saturday’s renewed ceasefire in Lebanon appeared to be holding, and Israel’s military said it would lift movement restrictions for residents near the Israel-Lebanon border on Monday morning. Neither Israel nor Hezbollah is a signatory to the U.S.-Iran deal.
There was cautious calm Monday in Lebanon, with no Israeli strikes reported overnight after a quiet Sunday. Hezbollah likewise has not announced any attacks on Israeli forces since Saturday.
The lull in fighting in Lebanon is the longest since the outbreak of the latest Israel-Hezbollah war on March 2.
Kim reported from Washington. Associated Press reporters Abby Sewell in Beirut, David Rising in Bangkok and Jon Gambrell in Dubai, United Arab Emirates, contributed to this story.
From left, US Vice-President JD Vance, Prime Minister of Islamic Republic of Pakistan, Shehbaz Sharif and Premier minister of Qatar Mohammed bin Abdulrahman bin Jassim Al Thani, at the Buergenstock resort resort in Obbuergen, near Lucerne, Switzerland, Sunday, June 21, 2026. (Urs Flueeler, Pool Photo via AP)
US Vice President JD Vance prior to a quadrilateral meeting between the United States, Iran, Pakistan and Qatar at the Burgenstock luxury hotel complex overlooking Lake Lucerne, Switzerland, Sunday June 21, 2026. (Fabrice Coffrini/Keystone via AP)
Minister of Foreign Affairs of Iran, Seyyed Abbas Araghchi, 3rd from right, and Speaker of the Islamic Parliament of Iran, Mohammed Bagher Ghalibaf, 2nd from right, with the Delegation of Iran at the Lake Lucerne Summit at the Buergenstock resort in Obbuergen, near Lucerne, Switzerland, Sunday, June 21, 2026. (Urs Flueeler, Pool Photo via AP)
