EIP invests in utility software provider Clevest Solutions

U.S. private equity firm Energy Impact Partners (EIP) has invested in Clevest Solutions Inc, a Richmond, British Columbia-based provider of workforce management and smart grid operations software solutions for utilities. No financial terms were disclosed. Established in 2002, Clevest has to date served more than 220 electric, gas and water utility customers worldwide. Thomas Ligocki, the company’s president and CEO, said the deal with EIP and its partners in the utility sector will help Clevest execute its global growth strategy. In 2015, Clevest raised a growth financing led by Accel-KKR and joined by Vancouver City Savings Credit Union.

PRESS RELEASE

Energy Impact Partners Invests in Clevest

Funding from Utility Partner Coalition Will Enable Clevest to Execute Growth Strategy

NEW YORK and RICHMOND, British Columbia, Jan. 09, 2018 (GLOBE NEWSWIRE) — Energy Impact Partners (EIP) today announced that it has closed an investment in Clevest, a provider of innovative workforce management and smart grid operations software solutions for utilities.

Clevest is a clean technology company that helps utilities of all sizes deliver safe, reliable and superior services through innovative and configurable mobile workforce management and smart grid operations software. Clevest solutions allow utilities to automate, optimize, and better manage field operations, while enabling measurable fuel emission reductions.

“We are very excited to have EIP as a partner to continue our market leadership in the utility industry and help accelerate our business globally,” said Thomas Ligocki, President and CEO of Clevest. “We believe the EIP partnership is as important as the investment capital itself. We look forward to expanding our innovative technologies, together with EIP’s network of utility partners, during this exciting growth phase of our company.”

EIP takes a collaborative approach to energy innovation by bringing incumbents, capital and entrepreneurs together to shape the future of energy. With over a dozen utility partners, EIP seeks to work with innovators that want to make a difference in the energy infrastructure.

“EIP invests in the full life-cycle of an electron: from generation through transmission and distribution to consumption,” commented Hans Kobler, CEO and Managing Partner at EIP. “Optimizing and managing field services is essential to driving utility workforce efficiencies. We are pleased to partner with Clevest.”

“Clevest is a leader in mobile workforce management and provides significant value to utility customers,” added Michael Donnelly, the partner at EIP who led the deal. “The company has a proven team that delivers high-value solutions to a global customer base.”

About Energy Impact Partners
Energy Impact Partners is a private equity firm that strategically invests in innovative technologies, services, and products throughout the electricity supply chain from generation to consumption. Through close collaboration with its investor base, EIP seeks to bring the best companies, buying power and vision in the industry to bear on the emerging energy landscape. EIP’s utility partners include Southern Company, National Grid, Xcel Energy, Ameren, Great Plains Energy, Fortis Inc., AGL, Avista, MGE Energy Inc., TEPCO, PTT Public Company Limited, OGE Energy Corp., TransCanada, and Alliant Energy. For more information, visit www.energyimpactpartners.com.

About Clevest
Clevest is a leading provider of innovative and configurable mobile workforce management and smart grid operations software solutions. The company specializes in optimizing utility field operations, automating field activities and processes to improve safety, reliability, and response time. Over 220 electric, gas and water utilities worldwide have selected Clevest as their mobile workforce partner. For more information, visit www.clevest.com.

Contact info:
Eugene Hunt
Trevi Communications for Energy Impact Partners
gene@trevicomm.com
(978) 750-0333

Energy Impact Partners, LLC
contact@energyimpactpartners.com
(212) 899-9700

Photo courtesy of Clevest Solutions Inc