BOYNE CAPITAL has acquired PILOT POWER GROUP

MIAMI, FL – (May 7th, 2020) Boyne Capital (“Boyne”) is pleased to announce that it has partnered with management to acquire Pilot Power Group (“Pilot” or the “Company”), a provider of electric utility billing & data management services, energy portfolio management, and energy procurement strategies for community choice aggregation (CCA), commercial, and industrial customers in the Western U.S.

Headquartered in San Diego, CA, Pilot offers clients custom tailored services that can lower utility costs, reduce commodity price-related risks, and provide greater procurement flexibility than utility-based suppliers or traditional electricity retailers. When assisting customers, Pilot acts as an independent energy advisor, ensuring customers obtain the energy supply best suited to their needs. To assist with regulatory compliance and aid in procurement decision making, Pilot provides data analytics to support billing, consumption targeting, new energy purchase program evaluation, and existing program monitoring. Visit www.pilotpowergroup.com for additional information.

Boyne Managing Partner and CEO, Derek McDowell, said, “Throughout its 20-year history, Pilot has proven itself a utility sector thought leader by successfully creating custom-designed cost saving programs for large-scale electricity consumers and aggregators. The Company offers turnkey solutions to its customers that provide a level of transparency uncommon in the complex world of electricity procurement and resource planning. We are honored that the senior executive team chose to partner with Boyne, and we are encouraged by the growth opportunities we see for this platform.”

Ian Middleton, Pilot Founder and COO, said, “Boyne brings institutional capital access to Pilot, allowing us to enhance our product offering and further develop our software suite. We’re preparing for investment in organic growth initiatives and strategic M&A. What’s more, we share Boyne’s core principles of collaboration and integrity, qualities our clients value most. We’re very excited for what this partnership has in store for Pilot.”

Denis Vermette, President of Pilot, said that, “Since joining Pilot Power Group four years ago, it’s been my aim to accelerate growth. This partnership is a significant step in expanding our operations into new territories and bringing new clients into our portfolio.”

Pilot Power Group represents the most recent platform investment in BCM Fund I. Boyne Capital is dedicated to investing in the lower middle market sector, specifically companies with revenues of less than $100 million and EBITDA of $2 million to $10 million.

About Boyne: Boyne Capital is a Florida-based private equity firm focused on investments in lower middle market companies. Founded in 2006, Boyne has successfully invested in a broad range of industries, including healthcare services, consumer products, niche manufacturing, and business and financial services among others. Beyond financial resources, Boyne provides industry and operational expertise to its portfolio companies and partners with management to drive both company performance and growth. Boyne specializes in providing the capital necessary to fund corporate growth and facilitate owners’ and shareholders’ partial or full exit. www.boynecapital.com

Contact Joshua Bilmes at jbilmes@boynecapital.com or 786.539.2245 regarding new opportunities.

________________________________________

Media Contact

Renny Sie

rsie@boynecapital.com


King City working on community clean energy program

August 22, 2017 – The King City Rustler

The City Council recently took the first step in an effort that could potentially make King City a future leader of local clean energy production. A contract was approved with Pilot Power Group, Inc. to prepare the feasibility and technical analysis needed to determine the likelihood of success of forming the City’s own Congregated Choice Aggregation Program (CCA). Results of initial studies have been favorable.

Under the program, the CCA would become the local electric energy provider and PG&E would continue to transmit and bill for the power. Customers would also maintain the ability to opt out of the program and continue to receive their power directly from PG&E if they choose.

The contract has been structured in two phases. The first phase consists of preparing the necessary technical analysis. To ensure its accuracy and objectivity, the City will also be contracting with an outside third party to prepare a peer review of the results. Based on the results of the studies, the Council will then make a decision on whether to proceed to Phase II, which will include developing, launching and operating the CCA on an ongoing basis. No commitment on Phase II has been made at this time. That decision is targeted to take place in October.

The City made the decision to further evaluate the potential of forming its own CCA in an effort to design the program to maximize benefits to the local community. Goals and proposals of the program being studied to accomplish this include the following: 1) to establish customer rates lower than those currently charged by PGE; 2) to develop projects that will generate local renewable power; 3) to provide outstanding customer service, including 100 percent call takers that are bilingual; 4) to provide subsidized programs offering rooftop solar equipment to local residents, businesses and organizations, including no cost programs for low-income individuals and families and agencies that serve them; 5) to provide local job training in the solar industry and increase local jobs; 6) to assist in accelerating the process of electric service connections for new businesses and projects; and 7) to develop a program of installing additional energy efficient streetlights throughout the City.

As part of the feasibility studies, Pilot Power Group will prepare an initial cost analysis of constructing a local solar power plant on old unused landfill property owned by the City. If found viable, it could provide a substantial local renewable power source and revenue to recover landfill closure and monitoring costs incurred by the City. They will also evaluate the potential for providing the streetlight expansion program using wireless solar streetlights. The streetlight program was an important recommendation in the City’s Comprehensive Plan to End Youth Violence. Other overall renewable power options, such as wind energy, will also be considered.

Pilot Power Group is partnering with Grid Alternatives, a local non-profit, to potentially construct all the solar related projects, including the rooftop solar program. They are able to provide these programs at a substantially reduced cost and incorporate an extensive job training effort for local disadvantaged individuals from the community in each project.

https://kingcityrustler.com/article/king-city-working-on-community-clean-energy-program

King City, California positions itself to become the “King” of community energy

Central California city launches its own Community Choice Aggregation Program to save residents money on energy bills.

July 19, 2018

KING CITY, CALIFORNIA— Considered a BIG move by a small town, King City, California has positioned itself to become the “King” of community energy! “King City Community Power” launched on July 2, 2018 and the city has contracted with the San Diego-based, Pilot Power Group to facilitate and operate the program. King City is officially the smallest city in California to launch a Community Choice Aggregation Program (CCA), which makes King City the local electric energy provider. Pacific Gas & Electric (PG&E) will continue to transmit and bill customers—but proceeds return to the community. To learn more visit, kingcitycommunitypower.org.

The King City leadership, together with Pilot Power Group constructed an innovative, community-focused project that will add value to King City residents in a variety of ways. “The Community Choice Aggregation Program is a way for citizens of King City to save money on their energy bills, as well as receive training in the solar industry via the partnerships we’ve established. We are excited about the cost savings, training and jobs this project will bring to our community!” states the Mayor of King City, Mike LeBarre.

John P. Mellor, the CEO of Pilot Power Group is equally enthusiastic about the transformative nature of this project. “The leadership in King City is incredibly forward-thinking and extremely conscientious about conserving energy, creating new energy sources and enhancing the quality of life for King City residents—now and in the future. They are a great partner and we’re honored to work with them,” states Mellor.

In addition to partnering with the City, Pilot Power Group is partnering with Grid Alternatives, a local non-profit, to construct the CCA solar-related projects—including the rooftop solar program. Grid Alternatives will be able to provide services and programs at a substantially reduced cost, as well as incorporate job training for King City residents.

King City Community Power seeks to accomplish a number of objectives, including: 1) establish customer rates lower than those currently charged by PG&E; 2) develop projects that will generate local renewable power; 3) provide outstanding customer service, including 100 percent call takers that are bilingual; 4) provide subsidized programs offering rooftop solar equipment to local residents, businesses and organizations— including no cost programs for low-income individuals and families; 5) provide local job training in the solar industry and increase local jobs; and 7) develop a program to install additional energy efficient streetlights throughout the city. King City residents who wish not to participate in the KCCP program have the ability to opt-out and continue to receive their power directly from PG&E.

About Pilot Power Group  – Pilot Power Group, Inc. is a leading Energy Service Provider that offers custom energy solutions, portfolio management, and energy procurement strategies for commercial, industrial, and community clients participating in the deregulated energy environment. Since 2001, Pilot Power Group has executed even the most sophisticated energy management strategies. Based in San Diego, California, Pilot Power Group is an independent and non-biased advisor that is committed to its clients’ success in an ever-changing electricity market. To learn more about Pilot Power Group, visit PilotPowerGroup.com.

About King City Community Power – King City Community Power (KCCP) is an initiative of King City, California. The smallest of the communities in California to implement such a program, King City’s Community Choice Aggregation provides electricity and special programs with the common goal of utilizing cleaner energy. KCCP’s purpose is to give King City’s community an affordable choice in purchasing electricity while maintaining reliable service in partnership with Pacific Gas & Electric (PG&E). Learn more at kingcitycommunitypower.org.


King City working on community clean energy program

August 22, 2017 – The King City Rustler

The City Council recently took the first step in an effort that could potentially make King City a future leader of local clean energy production. A contract was approved with Pilot Power Group, Inc. to prepare the feasibility and technical analysis needed to determine the likelihood of success of forming the City’s own Congregated Choice Aggregation Program (CCA). Results of initial studies have been favorable.

Under the program, the CCA would become the local electric energy provider and PG&E would continue to transmit and bill for the power. Customers would also maintain the ability to opt out of the program and continue to receive their power directly from PG&E if they choose.

The contract has been structured in two phases. The first phase consists of preparing the necessary technical analysis. To ensure its accuracy and objectivity, the City will also be contracting with an outside third party to prepare a peer review of the results. Based on the results of the studies, the Council will then make a decision on whether to proceed to Phase II, which will include developing, launching and operating the CCA on an ongoing basis. No commitment on Phase II has been made at this time. That decision is targeted to take place in October.

The City made the decision to further evaluate the potential of forming its own CCA in an effort to design the program to maximize benefits to the local community. Goals and proposals of the program being studied to accomplish this include the following: 1) to establish customer rates lower than those currently charged by PGE; 2) to develop projects that will generate local renewable power; 3) to provide outstanding customer service, including 100 percent call takers that are bilingual; 4) to provide subsidized programs offering rooftop solar equipment to local residents, businesses and organizations, including no cost programs for low-income individuals and families and agencies that serve them; 5) to provide local job training in the solar industry and increase local jobs; 6) to assist in accelerating the process of electric service connections for new businesses and projects; and 7) to develop a program of installing additional energy efficient streetlights throughout the City.

As part of the feasibility studies, Pilot Power Group will prepare an initial cost analysis of constructing a local solar power plant on old unused landfill property owned by the City. If found viable, it could provide a substantial local renewable power source and revenue to recover landfill closure and monitoring costs incurred by the City. They will also evaluate the potential for providing the streetlight expansion program using wireless solar streetlights. The streetlight program was an important recommendation in the City’s Comprehensive Plan to End Youth Violence. Other overall renewable power options, such as wind energy, will also be considered.

Pilot Power Group is partnering with Grid Alternatives, a local non-profit, to potentially construct all the solar related projects, including the rooftop solar program. They are able to provide these programs at a substantially reduced cost and incorporate an extensive job training effort for local disadvantaged individuals from the community in each project.

https://kingcityrustler.com/article/king-city-working-on-community-clean-energy-program