News & Insights
Photo courtesy of: Greg Land
WASHINGTON, DC, AUG. 31, 2026 – Brailsford & Dunlavey (B&D), a national advisory and program management firm, today announced its acquisition of Fangman Associates, an established advisory firm specializing in district energy and infrastructure, led by industry executive Leslie Fangman.
The acquisition expands B&D’s capabilities in strategic energy planning, district energy, infrastructure delivery, and public-private partnerships (P3s), particularly for colleges and universities, municipalities, healthcare, port authorities and other mission-driven organizations confronting aging utility systems, decarbonization commitments, and increasingly complex capital decisions.
Fangman Associates brings more than 30 years of experience across P3 infrastructure, construction, design/build, district energy, and commercial development. The firm’s advisory work spans the full lifecycle of complex infrastructure projects, from early strategy and deal structuring through construction, operations, and long-term performance management. Fangman, a civil engineer by training, brings deep experience across each of those phases.
“Energy infrastructure is no longer a back-of-house issue,” said B&D Co-President Jeff Turner. “It’s a major strategic decision, one that affects an institution’s financial health, resilience, sustainability commitments, and ability to serve its community. Fangman Associates brings a rare understanding of how these projects actually come together, from the owner’s goals to the realities of financing, delivery, operations, and accountability. We are thrilled to welcome the firm to B&D.”
Through the addition of Fangman Associates, B&D will deepen its ability to help clients:
Fangman Associates’ experience includes advancing strategic district-energy projects and closing P3 transactions from the developer’s side, with direct knowledge of developer, design, construction, and operator considerations. The firm played a leadership role in the National Western Center district-energy P3 in Denver, which includes the largest sewer-heat recovery district-energy system in North America.
“Institutions are being asked to make generational decisions about their energy systems,” said Fangman. “They need more than an answer to the question, ‘What technology should we pursue?’ They need a trusted partner who can help them understand the financial, operational, and delivery implications of every path in front of them. B&D’s client-first approach, its depth in planning and program management, and its commitment to helping organizations make informed decisions make this a natural fit.”
The addition of Fangman Associates further strengthens B&D’s Infrastructure, Energy & Sustainability (IE&S) practice, which helps clients make clear-eyed decisions about the physical assets and systems that support their missions. Together, B&D and Fangman Associates will support organizations as they pursue practical, financially responsible energy solutions that can perform over the long term.
“Fangman Associates understands that successful energy projects are not only technically sound,” said Dave Karlsgodt, who heads the firm’s IE&S practice. “They must be executable, financeable, operationally durable, and aligned with the institution’s broader priorities. That is exactly the level of advice our clients need.”
CONTACT: Doug Kotlove, SVP, dkotlove@bdconnect.com
