Add-on Acquisition • Energy Services and Equipment

Environ Acquires Best Practice Energy

On March 23, 2023, Environ acquired energy services and equipment company Best Practice Energy

Acquisition Context
  • This is Environ’s 1st transaction in the Energy Services and Equipment sector.
  • This is Environ’s 3rd transaction in the United States.
  • This is Environ’s 1st transaction in Rhode Island.

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M&A Deal Summary

Date March 23, 2023
Target Best Practice Energy
Sector Energy Services and Equipment
Buyer(s) Environ
Deal Type Add-on Acquisition

Target Company

Best Practice Energy

Wakefield, Rhode Island, United States
Best Practice Energy is an energy broker that helps businesses reduce energy costs through customized energy procurement & energy management. Best Practice Energy is based in Wakefield, Rhode Island.
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Buyer Overview 1

Buyer

Environ

New York City, New York, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Environ supports US Hospital Systems in their efforts to reduce spending on gas and electricity while simultaneously reducing price volatility. The company is the only energy procurement organization focused exclusively on the hospital market in all deregulated US markets. Environ focuses on energy efficiency, resiliency, and sustainability for their clients. It takes a comprehensive approach to energy management, reviewing both procurement and energy demand/efficiency together, Environ drives results that exceed those that emerge from addressing supply and utilization separately. Environ is based in New York City, New York.


Deal Context for Buyer #
Overall 3 of 3
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 3 of 3
State: Rhode Island 1 of 1
Country: United States 3 of 3
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 ISOS Group

San Diego, California, United States

ISOS Group provides a wide range of sustainability services, including strategy development, sustainability reporting, ESG investor disclosure, assurance and verification, and training. ISOS Group is based in San Diego, California.

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