Calfee congratulates our client, ScaleCo Capital (ScaleCo), and its portfolio company, TPI Efficiency, a Cleveland-based energy brokerage and sustainability consulting firm, on acquiring The Utilities Group (TUG), a Cincinnati-based energy management and sustainability consulting firm. The combined entity will operate as one of the largest energy brokers based in Ohio.
TPI is a vendor-neutral energy consulting firm that delivers comprehensive energy management and sustainability solutions. They offer expertise in renewable energy consulting, energy efficiency services, energy procurement, and sustainability planning. With access to over 150 suppliers, TPI helps organizations reduce operating costs, improve energy efficiency, and achieve environmental goals through tailored strategies and objective advice.
TUG was established in 1999, and provides tailored energy solutions to clients across multiple industries, helping them reduce costs and achieve energy efficiency goals. The acquisition strengthens TUG's ability to deliver long-term savings and strategic guidance while supporting the growing demand for sustainability-focused services
ScaleCo Capital is a Cleveland-based lower middle market private equity firm that focuses on control-oriented leveraged buyout and growth equity investments in fast-growing companies based primarily in the Great Lakes region. ScaleCo partners with companies in the verticals of business services, tech-enabled services, value added distribution and assembly, and training, compliance, and education sectors, bringing operational expertise and strategic resources to scale their growth potential and build long-term value.
Calfee's legal team was led by Corporate and Finance group Partner Adam Pretty and included Partner Brian A. McMahon and Associate Attorneys Stephen Carpinello, Jacob J. (Jake) Bourquin, and Kasey C. Redding.
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