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.
11 January 2018•3 mins read
