Kohlberg & Company, a private equity firm, announced the purchase of a majority stake in CLEAResult, a provider of energy efficiency, power transmission and sustainability services. Terms of the agreement were not disclosed. Founded in 2003 and based in Austin, Texas, CLEAResult provides services to utility, government and commercial customers, helping them implement energy efficiency projects to reduce energy consumption, costs and emissions. Design and implement a greenhouse and improve network reliability.
The company has more than 2,700 employees across the United States and Canada. CLEARsult said the acquisition will help expand the scope of its programs and capabilities and take advantage of opportunities offered by the DEA and other federal incentives. Rich McBee, president and CEO of CLEAResult, expressed his enthusiasm for the partnership with Kohlberg, citing the company’s expertise in energy efficiency and equipment as a strategic fit in the goals of CLEAResult for future sustainability. Benjamin Mao, partner and head of infrastructure services at Kohlberg, highlighted CLEAResult’s potential for growth, emphasizing that the firm’s expertise in the electrical and equipment sector of North America is associated with Kohlberg’s growth focus. The purchase marks Kohlberg’s acquisition of a majority stake from fellow asset manager TPG, which first invested in CLEAResult in 2018 through its TPG Growth and The Rise Fund platforms. Scott Gilbertson, partner at TPG, was proud of CLEAResult’s growth during his investment and is optimistic about the company’s continued progress in increasing energy efficiency and reducing costs. greenhouse gas emissions.