CLEAResult, a portfolio company of General Atlantic, has agreed to acquire Applied Proactive Technologies. No financial terms were disclosed. Headquartered in Springfield, Mass., APT is a maker of energy efficiency consumer products programs and services.
AUSTIN, Texas–(BUSINESS WIRE)–CLEAResult, a leader in designing and implementing technology-enabled energy efficiency programs for utilities, governments, schools and businesses, announced today that it has entered into an agreement to buy Applied Proactive Technologies (APT), headquartered in Springfield, Massachusetts. Terms of the transaction were not disclosed.
Founded in 1996, APT has been an industry leader in designing and implementing energy efficiency consumer products programs and services. With the addition of APT, CLEAResult strengthens its leadership in market-based energy efficiency programs that educate and motivate consumers to purchase energy efficient products for their homes and businesses using its technology-enabled services platform.
“We are thrilled to welcome APT and its highly experienced team to CLEAResult,” said Glenn Garland, Chairman and CEO, CLEAResult. “Our clients will benefit from APT’s deep consumer products expertise, proven national relationships with retailers and manufacturers, and truly innovative approach to realizing the full potential in consumer products programs.”
The combined company will further CLEAResult’s leadership in energy efficiency consumer products programs, both in expertise and in scale. With the addition of APT, CLEAResult is now positioned to offer its comprehensive portfolio of retail programs across North America.
“Joining CLEAResult provides a huge opportunity to our employees and clients,” said Dave Leishman, President, APT. “We will now have added infrastructure, career opportunities and technology-enabled service offerings to help us grow to the next level in the energy efficient consumer products industry. This is an exciting day in the history of APT.”
“Being a part of CLEAResult gives APT the opportunity to extend the customer value we create for our clients,” said Peter Feroli, Vice President and National Practice Leader for Consumer Product Services at CLEAResult, who will assume executive leadership and management for APT’s programs and expansion. “And this will enable our teams to grow and expand APT’s innovative, cost-effective consumer products solutions for our clients.”
APT’s services will now be offered as part the CLEAResult brand with plans to expand across North America. Dave Leishman will be retiring from the company with this transaction, and Peter Feroli will assume executive leadership for all of APT’s current and future operations effective immediately.
CLEAResult is a leading provider of energy efficiency programs and services. Through proven strategies tailored to clients’ unique needs and market dynamics, the combined strength of experienced energy experts and technology-enabled service offerings help CLEAResult change the way people use energy for hundreds of utility and business partners around the globe. Founded in 2003, CLEAResult is headquartered in Austin, Texas, and has over 1,500 employees in more than 40 cities across the U.S. and Canada. The company is backed by General Atlantic, a leading global growth equity firm. For more information, visit clearesult.com.