SEG Client, Energy Profiles Limited, Acquired by Dude Solutions
January 6th, 2021 – Dude Solutions, a SaaS provider of cloud-based operations management solutions backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has acquired Energy Profiles Limited (“EPL”), a software provider enabling Environmental, Social, and Governance (ESG) optimization for customer facilities. Financial terms were not disclosed.
Based in Toronto, Canada, EPL delivers data-driven energy and sustainability data management and ESG reporting and predictive analytics to owners and managers of more than 6,000 buildings. The company’s cloud-based software platforms, Stream® Utility Tracker and Building Intelligence®, combine an understanding of building operations and the commercial real estate industry with technology that drives performance, improves efficiency, and advances sustainable operations.
The acquisition of EPL will expand Dude Solutions’ Enterprise Asset Management (EAM) capabilities to address enterprise-level energy and sustainability management. Going forward, Dude Solutions will be able to offer EAM, Strategic Asset Management (SAM), and Energy Management Systems (EMS) from a single source. EPL’s expertise will also allow Dude Solutions to develop new sustainability-focused product strategies in enterprise and strategic asset management that are in demand globally. Additionally, EPL’s Building Intelligence® platform will further the company’s reach into the Commercial Real Estate (CRE) market by broadening Dude Solution’s smart building connectivity capabilities.
“As global organizations seek improved ways to measure and achieve progress against ESG criteria, the acquisition of Energy Profiles Limited supports our mission to help our clients better address their sustainability and environmental goals,” said Kevin Kemmerer, Chief Executive Officer at Dude Solutions. “The $1.2 trillion U.S. infrastructure bill that was recently signed into law earmarks significant resources for climate-related and sustainability initiatives, marking an inflection point for our clients and their communities. EPL’s experience in tracking and reporting ESG metrics adds critical capabilities that organizations across all industries and regions need to build sustainable communities.”
Neal Bach, Co-Founder and Chief Executive Officer of EPL, said, “As the demand for energy and sustainability management solutions increases around the globe, we see an opportunity to combine our knowledge and systems with Dude Solutions and bring our expertise to a broader marketplace. Our experience in applying a data-driven approach to driving ESG improvements enhances the combined platform’s capabilities to collectively address sustainability and environmental impacts.”
“We believe the combination of EPL and Dude Solutions enables the platform to move up-market and help our existing customers plan for and manage climate and carbon sustainability goals,” said Prashant Mehrotra, Partner and Managing Director, and Paul Huber, Principal, of Clearlake. “We are always looking to enhance the capabilities of the platform, and the addition of EPL unlocks the opportunity to combine the best-of functionality from both companies and reinforce the capabilities Dude Solutions can offer to its valued customer base. We also look forward to leveraging our O.P.S.® framework to maximize the potential of this acquisition and drive accelerated growth for the platform.”
District Capital Partners acted as the buyside advisor to Dude Solutions, and Software Equity Group served as the exclusive advisor to EPL.
About Software Equity Group
Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than thirty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees, and customers. Over this period, SEG has managed hundreds of sell-side M&A transactions, representing billions of dollars of aggregate transaction value. SEG’s unwavering commitment to the software industry equates to unmatched expertise across software industry product categories, delivery models, technology and end market verticals, and unrivaled access to key decision makers among strategic and private equity buyers.