CLEAResult acquires Connected Energy

AUGUST 25, 2026

CLEAResult (Kohlberg & Company) acquires Connected Energy

TARGET

Demand management and DERMS SaaS platform for electric utilities, orchestrating EVs, solar, storage, agricultural pumps, and smart thermostats across the distribution grid.

Ownership	VC-backed
Investors	Novitas Capital, Al-Deera Holding, Perseus, Cross Atlantic Capital Partners
Capital raised	$72.3M
Headcount	48 FTEs
Headquarters	Pittsburgh, Pennsylvania
Sell-side advisor	—

ACQUIRER

CLEAResult

North America's largest provider of energy efficiency, energy transition, and energy sustainability services, serving utilities, government, and commercial customers; majority owned by Kohlberg & Company

Ownership	PE-backed
Parent	Kohlberg & Company
Investors	Kohlberg & Company (majority), previously TPG Growth, TPG The Rise Fund
Capital raised	$9.2M
Headcount	3,284 FTEs
Headquarters	Austin, Texas
Deal leads	Benjamin Mao, Partner and Head of Infrastructure Services (Kohlberg & Company) Gus Harwood, Partner (Kohlberg & Company)
Buy-side advisor	—

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CLEAResult -> Connected Energy  (2026-08-28)
add_on | Energy/Utilities | closed
Target: Demand management and DERMS SaaS platform for electric utilities, orchestrating EVs, solar, storage, agricultural pumps, and smart thermostats across the distribution grid.
Website: connectedenergy.com | Buyer site: clearesult.com
HQ: Pittsburgh, Pennsylvania | Ownership: vc-backed | Buyer sponsor: Kohlberg & Company | Buyer ownership: pe-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/clearesult-connected-energy.html

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