Add-on Acquisition • Business Services

CLEAResult Acquires ChooseEV

On May 10, 2022, CLEAResult acquired business services company ChooseEV

Acquisition Context
  • This is CLEAResult’s 6th transaction in the Business Services sector.
  • This is CLEAResult’s 10th transaction in the United States.
  • This is CLEAResult’s 2nd transaction in Washington.

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M&A Deal Summary

Date May 10, 2022
Target ChooseEV
Sector Business Services
Buyer(s) CLEAResult
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 10 of 12
Sector: Business Services 6 of 7
Type: Add-on Acquisition 8 of 9
State: Washington 2 of 2
Country: United States 10 of 11
Year: 2022 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-29 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.

Buy -
FOLLOWING 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 -