M&A Deal Summary

CLEAResult Acquires EnerNOC - Industrial Utility Services Business

On June 9, 2016, CLEAResult acquired software company EnerNOC - Industrial Utility Services Business from EnerNOC

Acquisition Highlights
  • This is CLEAResult’s 1st transaction in the Software sector.
  • This is CLEAResult’s 7th transaction in the United States.
  • This is CLEAResult’s 3rd transaction in Massachusetts.

M&A Deal Summary

Date 2016-06-09
Target EnerNOC - Industrial Utility Services Business
Sector Software
Buyer(s) CLEAResult
Sellers(s) EnerNOC
Deal Type Divestiture

Target

EnerNOC - Industrial Utility Services Business

Boston, Massachusetts, United States
EnerNOC - Industrial Utility Services Business is a provider of reliable and persistent energy efficiency programs.

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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 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 7 of 12
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
State: Massachusetts M&A 3 of 3
Country: United States M&A 7 of 11
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 Conservation Services Group

Westborough, Massachusetts, United States

Conservation Services Group, Inc. is a provider of residential energy efficiency programs in the United States. CSG has improved the efficiency, safety, comfort, affordability and durability of more than 3.8 million homes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Green Team Energy Services

Atlanta, Georgia, United States

Green Team Energy Services is a provider of digital, cloud-based energy efficiency and demand side management (DSM) software that leverages the Salesforce.com CRM platform.

Buy -

Seller(S) 1

SELLER

EnerNOC

Boston, Massachusetts, United States

Category Company
Founded 2001
Sector Software
Employees1,132
Revenue 399M USD (2015)
DESCRIPTION

EnerNOC, Inc. is a provider of energy intelligence software and related solutions. EnerNOC unlocks the full value of energy management for utility and commercial, institutional, and industrial customers by delivering a comprehensive suite of demand-side management services that reduce real-time demand for electricity, increase energy efficiency, improve energy supply transparency in competitive markets, and mitigate emissions.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-15 World Energy Solutions

Worcester, Massachusetts, United States

World Energy Solutions, Inc. is an energy management software and services firm that helps enterprises simplify the energy procurement process through a suite of software-as-a-service (SaaS) tools.

Buy $77M