Solais Successfully Sold to PowerSecure (POWR)

On Monday, April 15, 2013, PowerSecure announced that it had acquired Solais for $15MM in cash and stock. “The acquisition strengthens and complements PowerSecure’s existing LED business with additional product lines and an expanded customer base.”

Williston-based NEHP Inc. Acquired by Sequel

Sequel Industrial Products, Inc., a holding company operating industrial infrastructure businesses, and serving manufacturing, research, chemical processing, and other industries globally, announced on September 28th that it acquired FreshTracks II portfolio company NEHP.

Draker and Solar Power Technologies Merge

Draker and Solar Power Technologies, Inc. (SPTI) jointly announce that they have successfully merged, effective August 21, 2012. The combination creates a global leader with the most innovative offering of performance management solutions for commercial and utility-scale solar markets.

FreshTracks Capital Announces Investment In NativeEnergy

FreshTracks Capital II, L.P. (“FreshTracks”), a Middlebury-based venture capital fund with a primary interest in Vermont investments, announced that it has invested alongside Village Ventures in the Series A financing of NativeEnergy, a Charlotte, Vermont -based marketer of renewable energy credits (RECs) and carbon offsets.

FreshTracks Capital Announces Investment in NEHP

FreshTracks Capital announced that it has invested an undisclosed amount in NEHP Inc. NEHP is a highly successful Vermont company that has developed a patented modular method of tool installation for semiconductor manufacturing and also provides hygienic piping and skid solutions to the life sciences industries.

New Managing Director and Associate join the firm

FreshTracks Capital, L.P. announced today that Timothy C. Davis and Lee E. Bouyea have joined the firm as Managing Director and Associate respectively. Davis and Bouyea join firm founders, Charlie Kireker and Cairn Cross, two established venture finance professionals based in Middlebury, Vermont.