Aircon Energy designs and constructs energy efficiency and renewable energy projects for large facilities of public and private sector customers.

The company also assists clients in securing utility rebates, grants and third-party project financing to further enhance the value of its projects.

Aircon Energy president Don Rasberry said that access to OpTerra’s operating platform will help Aircon accelerate its growth and expand its service offerings.

"The financial backing of Oaktree-managed funds will allow us to implement the larger projects our customers are increasingly demanding," Rasberry said.

OpTerra is a newly formed energy service company established to offer an array of energy conservation services and technologies to public and private sector customers.

OpTerra is backed by the GFI Energy Group of Oaktree Capital Management.