Hunt Technologies Changes Hands

Meter monitoring technology supplier Hunt Technologies has announced an acquisition agreement with the Bayard Group, a global investor specializing in the energy measurement and efficiency technologies sectors.

The agreement allows Hunt Technologies to remain as an independent operating company. Bayard will provide capital for expansion of Hunt's metering business in both the domestic and international markets. Hunt's current management team will remain in place. Todd Headlee, currently chief operating officer at Hunt, will assume the role of chief executive officer effective immediately after closing.

From the press release:

“The Hunt management team is excited by this opportunity,” Headlee said. “The Bayard Group is committed to providing the necessary resources for us to continue outpacing industry growth rates, while developing technology for the future of smart metering. We will maintain our leadership position through dedication to first-class product development and customer service for our many rural electric cooperative, investor-owned,and public utility customers.”