CLEAResult acquires Connected Energy

● STRATEGIC | ENERGY/UTILITIES · Grid & DER Management

AUGUST 25, 2026

CLEAResult (Kohlberg) 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 · Novitas Capital, Al-Deera Holding, Perseus, Cross Atlantic Capital Partners
Capital raised	$72.3M
Headcount	48 FTEs
Headquarters	Pittsburgh, Pennsylvania
Leadership	Mark Rupnik, CEO
Sell-side advisor	GrowthPoint Technology Partners

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 · Kohlberg & Company; Kohlberg & Company (majority), previously TPG Growth, TPG The Rise Fund
Capital raised	$9.2M
Headcount	3,284 FTEs
Headquarters	Austin, Texas
Deal team	Benjamin Mao, Partner and Head of Infrastructure Services (Kohlberg & Company) Gus Harwood, Partner (Kohlberg & Company)
Leadership	Rich McBee, President and CEO
Buy-side advisor	—

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CLEAResult -> Connected Energy  (2026-09-18)
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 - Sell-side: GrowthPoint Technology Partners
Source: Thematic - https://thematichq.com/software/d/clearesult-connected-energy.html

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