The Olsen Group LLC

Name

The Olsen Group LLC

Legal name

The Olsen Group LLC

Website

https://goolsengroup.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Energy Management Solutions

NAICS

Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (3334)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Heat Pump & Smart HVAC Controller Integration (HSAOANAD)

akta.pro secondary industries

Commercial HVAC/R Installation (Rooftop Units, Split Systems) (HSAOAGAH), Smart Thermostat & HVAC Automation Integration (HSAHADAC), HVAC System Replacement & Change-Outs (HSAOAGAB)

Keywords

• Energy management solutions
• HVAC thermostat installation
• Commercial energy savings
• Hospitality energy management
• Occupancy-based thermostats

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Product Sales: Direct sales of Verdant and Honeywell energy management thermostats, accessories, and related HVAC control products through e-commerce storefront. Products include standalone and networked thermostats with various feature configurations.
2. Installation Services: Professional installation services for energy management systems in commercial properties, including new installations and retrofits. Installation teams provide seamless integration with minimal disruption in occupied spaces.
3. Design Consulting and System Integration: Comprehensive design consultations and system integration services for smart building technologies including thermostats, door locks, ventilation controls, and lighting relays for hospitality properties.
4. Ongoing Support and Maintenance: Active energy management and ongoing support services for installed systems, including troubleshooting, maintenance, and system optimization.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

The Olsen Group is an energy management solutions company that distributes, installs, and supports Verdant (Copeland) smart thermostats and related HVAC control accessories for hotels, student housing, senior living, and multi-dwelling properties. Its core offering combines hardware resale (VX2, VX3, ZX series thermostats plus sensors, network equipment, and lighting relays) with professional installation, design consultation, and ongoing system support. The company is one of only two preferred integrators for Marriott International and a top North American Verdant supplier.

Product overview

The Olsen Group LLC is an energy management solutions provider specializing in commercial and large-scale residential properties. Their product portfolio centers on Verdant energy management thermostats (VX2, VX3, and ZX series) - smart devices with built-in occupancy detection that reduce HVAC energy consumption by automatically adjusting temperatures when rooms are unoccupied. These thermostats integrate with various HVAC systems including VRF/VRV, PTACs, VTACs, fan coils, and split systems. The company also offers Honeywell thermostats, a comprehensive range of accessories (sensors, network equipment, controllers, adaptors, wall plates, wire harnesses, and lighting relays), and professional services including installation, design consultation, and ongoing technical support. They serve markets including hospitality (hotels), student housing, senior living, and multi-dwelling units across the US, Canada, Europe, Caribbean, and Latin America.

Differentiator

Problem solved

Functional benefit

Products and services

• Verdant VX3 Series Thermostats Advanced energy management thermostats with built-in occupancy detection, wireless mesh networking, and cloud connectivity. Available in wired (RS485) and wireless variants supporting VRF systems from LG, Mitsubishi, and other manufacturers. ENERGY STAR certified with 7-day scheduler. Unit priced $219.92 to $344.92 depending on configuration.
• Verdant ZX Series Thermostats Energy management thermostats combining occupancy sensors with patented software for energy reduction. Available in wired and wireless configurations with optional occupancy detection. Compatible with PTACs, VTACs, fan coil systems, and VRF/VRV units. Unit priced $189.92 to $299.92.
• Verdant VX2 Series Thermostats Legacy energy management thermostat series featuring occupancy-based room control, wireless connectivity, and integration with HVAC systems. Available as standalone and networked variants compatible with all major hotel brands.
• Honeywell Thermostats Honeywell-branded thermostat products offered through The Olsen Group e-commerce storefront as a complementary product line.
• Energy Management Installation Services Professional installation, servicing, and ongoing support for energy management systems in commercial properties. Includes property evaluation, equipment procurement, installation by field technicians, and staff training. Achieves approximately 10-minute per-room installation.
• Design Consultation Services Expert consultation for designing integrated energy management systems tailored to property needs. Includes energy savings estimates and custom system design for hospitality, student housing, senior living, and multi-dwelling properties, leveraging quote builder inputs on property details, HVAC types, unit counts, and customer role.

Quantifiable outcome

• 45% average HVAC runtime reduction
• +7 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability4 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Marriott InternationalcoreImplementation/ SI/ Consulting Partner · 5 May 2025The Olsen Group was designated as one of only two officially preferred listed integrators with Marriott International. The partnership involves delivering comprehensive design consultations and system installations for Marriott properties, integrating smart technologies including thermostats, entry door locks, makeup air controls, and lighting relays.
• Verdant (Copeland)coreStrategic or Co-development Partner · 1 May 2024The Olsen Group is one of North America's top suppliers of Verdant thermostats and a key development partner for Verdant's new solutions. They share data, customer feedback, and requirements with Verdant, and Verdant relies on Olsen for field testing new solutions. Verdant is now part of Copeland (formerly Emerson Climate Technologies, majority owned by Blackstone).
• AirzonecoreTechnology or Integration · 1 May 2024The Olsen Group conducts pilot programs using Airzone Aidoo Pro control solution for VRF integration with Verdant thermostats. The Airzone Aidoo Pro provides preconfigured VRV control solutions with recessed dipswitches and remote diagnostic capabilities, reducing installation errors and enabling easier service.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• EnergyHub: EnergyHub provides a DERMS platform for residential and commercial energy management with thermostat integration. While more utility-focused, they overlap with Olsen's commercial energy savings proposition.
• Switch Automation: Switch Automation provides a building analytics platform that integrates with HVAC systems including Verdant, Honeywe ll, and others. They are a partial competitor in the occupant-comfort and energy optimization analytics layer.
• GridPoint: GridPoint delivers energy management software and hardware for commercial buildings, including HVAC and lighting controls. Their subscription-based model competes with Olsen's managed services offering across hospitality and MDU.
• Verdant (Copeland): Verdant is the manufacturer of Olsen's core product line and now part of Copeland (Blackstone-backed). They sell directly and through integrators, so they technically overlap with Olsen's enterprise sales motion for the same end customers.

Broad incumbents

• Schneider Electric: Schneider Electric's EcoStruxure platform offers building automation and energy management for hotels and commercial real estate. They represent a broad incumbent threat with deeper R&D and global reach.
• Honeywell Building Technologies: Honeywell is a major incumbent in HVAC controls and building automation, offering thermostats, BMS, and energy management suites. They are also a product line Olsen resells, framing a complex competitor-and-supplier dynamic.
• Johnson Controls: Johnson Controls provides building automation and HVAC control systems (Metasys, York) for large commercial and hospitality properties. Their enterprise sales motion and integration services overlap with Olsen's field sales model.

Regional players

• Engie Impact (formerly Opterra): Engie Impact provides energy management services and building optimization for enterprise and hospitality customers, often at a larger scale than Olsen. They compete for the same ROI-driven retrofit deals.

Direct peers

• 75F: 75F provides IoT-based HVAC controls with occupancy sensors and predictive algorithms for commercial buildings. Their HyperStat and Facet platforms compete with Verdant/Olsen in occupancy-based smart thermostat installations in mid-market and enterprise commercial properties.
• Telkonet: Telkonet is a direct competitor in hospitality energy management, offering smart thermostats and EcoSmart occupancy-based HVAC controls for hotels, student housing, and MDUs. They overlap with Olsen on the Verdant-equivalent product category and hospitality customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/GOOLSENGROUPLLC
• LinkedInlinkedin.com/company/the-olsen-group-llc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Olsen Group LLC