M&A Deal Summary

CLEAResult Acquires Energetics

On February 15, 2024, CLEAResult acquired business services company Energetics from VSE

Acquisition Highlights
  • This is CLEAResult’s 7th transaction in the Business Services sector.
  • This is CLEAResult’s 11th transaction in the United States.
  • This is CLEAResult’s 1st transaction in Maryland.

M&A Deal Summary
Date 2024-02-15
Target Energetics
Sector Business Services
Buyer(s) CLEAResult
Sellers(s) VSE
Deal Type Divestiture

Target

Energetics

Columbia, Maryland, United States
Energetics provides a full spectrum of clean energy consulting services to public and private sector clients. Energetics works with lead investors, innovators, and stakeholders to inform and expedite the development and market success of novel energy technologies, strategies and practices that deliver a sustainable future. Energetics was founded in 1979 and is based in Columbia, Maryland.

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Buyer(S) 1

Buyer

CLEAResult

Austin, Texas, United States
Category Company
Founded 2003
Sector Business Services
Employees2,500
DESCRIPTION

CLEAResult provides energy efficiency, transition, and sustainability services. The company collaborates with a diverse network of local partners to deliver world-class technology and personalized services, making it easy for commercial and industrial businesses, governments, utilities, and residential customers to reduce their energy use and greenhouse gas emissions. CLEAResult was founded in 2003 and is based in Austin, Texas.

DEAL STATS #
Overall 12 of 12
Sector (Business Services) 7 of 7
Type (Divestiture) 3 of 3
State (Maryland) 1 of 1
Country (United States) 11 of 11
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Ecofitt

Mississauga, Ontario, Canada

Ecofitt is a conservation focused manufacturer and installer of products and programs, primarily servicing utilities, government agencies, and distributors. Ecofitt is based in Mississauga, Ontario.

Buy -

Seller(S) 1

SELLER

VSE

Alexandria, Virginia, United States
Category Company
Founded 1959
Sector Business Services
Employees1,200
Revenue 860M USD (2023)
DESCRIPTION

VSE is a diversified professional services company providing engineering, systems integration, technology and management solutions to customers in the defense, homeland security, law enforcement, energy, and environmental industries. VSE was founded in 1959 and is based in Alexandria, Virginia.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-03 Desser Aerospace

Montebello, California, United States

Desser Aerospace is a supplier of aircraft tires and tubes. Desser Aerospace was founded in 1920 and is based in Montebello, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 Turbine Controls

Bloomfield, Connecticut, United States

Turbine Controls provides aftermarket support services for the repair and overhaul of engine components and engine and airframe accessories. Turbine Controls is based in Bloomfield, Connecticut.

Buy $120M
Mergr

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