Community Fuel Investment Partners has acquired a “significant” stake in New York City-based EnergyWatch LLC, a provider of utility data analytics and reporting for multiple real estate markets. No financial terms were disclosed.
NEW YORK, July 31, 2018 /PRNewswire/ — EnergyWatch, LLC announced today that it has received an investment from a new equity partner. Community Fuel Investment Partners has purchased a significant equity stake in EW, which will enhance EW’s growth potential. “Community Fuel accelerates our ability to provide clients with world-class technology and capabilities, including a broader roll-out of our watchwire SaaS based energy management solution. We are delighted to have them as our partners and look forward to growing the business together,” says Diana Sweeney, Co-founder and COO. The founders of EW, Diana Sweeney and Jay Raphaelson, along with their partners Andy Anderson, EW’s Managing Director, and Syed Huda, Director of Software Engineering, will continue in their management roles and also retain significant equity interests in the company.
Community Fuel Investment Partners is the latest private equity vehicle of Corporate Fuel, a NYC based boutique investment bank focused on helping middle market businesses realize their full value. Two of Corporate Fuel’s executives, John Simons and Russ Fein, will now join the EW Board of Directors. “We look forward to partnering with EW’s management team to build upon the company’s strong foundation and ensure it has the resources to capitalize on opportunities going forward,” says Corporate Fuel Partner John Simons. “We are especially excited about the team’s considerable talents and the recent transition of their watchwire data management and reporting tools to a SaaS platform, which positions watchwire to become the market leading utility data management and reporting solution.”
About Community Fuel Investment Partners
Corporate Fuel Partners is a New York based lower middle market private equity investor, making investments in profitable businesses with unique growth potential. It is currently investing out of Community Fuel Investment Partners, its second buyout fund, with a total of $55 million in assets under management. For more information on Corporate Fuel, please visit www.corporatefuel.com.
About EnergyWatch, LLC
Founded in 2000 at the onset of energy deregulation, the firm focused on helping commercial and corporate real estate portfolio managers navigate the new market opportunities. Today, EnergyWatch is a market leader in utility data analytics and reporting for multiple real estate markets: commercial and corporate real estate, industrial and manufacturing, big box retail, education, government facilities and others. EnergyWatch and its watchwire platform provide descriptive, predictive, and prescriptive analytics and tools to; identify and analyze the interactive effects of operational and capital improvements on utility supply and delivery costs; measure, verify, and report on key performance indicators; strategically procure energy and understand energy rates; and summarize the results for key decision makers. We distill complex utility data and rate structures into actionable and meaningful results for our clients. For more information on EnergyWatch, please visit https://energywatch-inc.com/.