logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Clearesult Acquires Ecofitt, Expanding Residential Energy Efficiency Capabilities And Footprint In Canada

Jun 28, 2022•over 3 years ago

Acquiring Company

CLEAResult

Acquired Company

Ecofitt

AustinUtilities

Description

CLEAResult, the largest provider of energy efficiency, energy transition and decarbonization solutions in North America, announced today the acquisition of Ecofitt, Canada’s leading residential energy efficiency program implementer for utilities, retailers and distributors. The acquisition brings together the two most trusted energy efficiency teams in Canada, giving both companies more opportunities to scale the impact of their decarbonization efforts from coast to coast.

Company Information

Company

CLEAResult

Location

Austin, Texas, United States

About

CLEAResult is the largest provider of energy efficiency, energy transition and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed