TPG Growth, The Rise Fund to Acquire Energy Efficiency Provider
June 19,2018
TPG Growth and The Rise Fund announced that they have signed an agreement to acquire CLEAResult, a provider of energy efficiency solutions for utility companies as well as businesses and other end use customers.
TPG Growth, the middle-market and growth equity platform within TPG, and The Rise Fund, a global impact investing fund managed by TPG, will be co-investors in acquiring the company from General Atlantic, a leading global growth equity firm.
Financial terms of the transaction were not disclosed.
CLEAResult delivered over 4,500 GWh and 54 million therms of energy savings in 2017.
CLEAResult partners with utilities and local governments to design, implement and maintain services and programs that provide energy optimization and efficiency to residential, institutional, commercial and industrial organizations.