M&A Deal Summary

CLEAResult Acquires ENGIE Insight Services - Utility Division

On January 29, 2018, CLEAResult acquired utilities company ENGIE Insight Services - Utility Division from ENGIE Insight Services

Acquisition Highlights
  • This is CLEAResult’s 1st transaction in the Utilities sector.
  • This is CLEAResult’s 9th transaction in the United States.
  • This is CLEAResult’s 1st transaction in Washington.

M&A Deal Summary
Date 2018-01-29
Target ENGIE Insight Services - Utility Division
Sector Utilities
Buyer(s) CLEAResult
Sellers(s) ENGIE Insight Services
Deal Type Divestiture

Target

ENGIE Insight Services - Utility Division

Spokane, Washington, United States
ENGIE Insight Services, Inc. - Utility Division is a provider of energy efficiency expertise and technology to help them meet new market demands.

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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 9 of 12
Sector (Utilities) 1 of 1
Type (Divestiture) 2 of 3
State (Washington) 1 of 2
Country (United States) 9 of 11
Year (2018) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 ChooseEV

Seattle, Washington, United States

ChooseEV is a provider of electric vehicle (EV) market awareness and education tools across North America. ChooseEV operates the most widely deployed platform for EV education, serving over 300 utilities across the U.S. and Canada.

Buy -

Seller(S) 1

SELLER

ENGIE Insight Services

Spokane, Washington, United States
Category Company
Sector Business Services
DESCRIPTION

ENGIE Insight Services, Inc. is a total energy and sustainability management company whose sole purpose is to see more, save more and sustain more for our clients. Using insights based on consumption, cost and carbon footprint data spanning thousands of utilities, hundreds of thousands of business sites and millions of households, we provide fully managed, technology-optimized solutions for saving resources, which in turn increase returns, lower risks, and enhance reputations.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-05 MRDB Holdings

Dallas, Texas, United States

LPB Energy Management is providing utility expense management and energy procurement for clients.

Buy -
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