Divcon announces investment from Goldman Sachs Alternatives

Divcon Controls, a systems integrator delivering facility management automation and monitoring solutions primarily to the mission-critical data center market, today announced a new investment from Sustainable Investing at Goldman Sachs Alternatives. The investment will recapitalize the company and position Divcon to expand market share in mission-critical data centers as well as invest in new product offerings.   

In providing a seamlessly-integrated controls system, Divcon has increased the reliability and uptime of the mission-critical facilities that it serves. The integration of system controls and building automation systems also optimizes the energy used to cool data center facilities by increasing equipment efficiency.   

With this investment, Goldman Sachs will look to bring its network and global resources to help accelerate Divcon’s growth within the mission-critical market sector. The investment will support Divcon in exploring new markets and broadening its offerings, while continuing to improve service to the Company’s world-class customer base.    

“We are excited to partner with Divcon’s management team to accelerate the company’s growth. Divcon is valued by its customers for its flexibility, depth of technical expertise and customer-centric approach,” said Jeff Possick, managing director in Sustainable Investing at Goldman Sachs Alternatives. “We are attracted by the secular tailwinds in data center construction – which have only accelerated with the adoption of AI – combined with increasing focus on reducing the energy load that data centers require to operate.”   

John Palacios, Co-Founder and Chairman at Divcon Controls, said, “Welcoming an investor like Goldman Sachs is game changing for us. Their extensive network and global reach should significantly enhance our capabilities and allow us to expand our services to a wider market.”

“As a management team we believe that the resources of Goldman will not only assist us in better servicing our existing customers but will allow Divcon to reach new levels within the mission critical market,” said Ben Crowell, Co-Founder and CEO at Divcon Controls. “The global footprint, technical resources, and financial backing that Goldman Sachs brings to our partnership will play an instrumental role in the future success and growth of Divcon.”

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