SEG Client, MACH Energy, Acquired by Integrated Energy Services

June 24, 2019 - Software Equity Group (SEG) announces its client, MACH Energy, an award-winning energy management and sustainability software platform, has been acquired by Integrated Energy Services (“iES”), the market leading provider of grid relationship management software and demand response services. iES is a portfolio company of private equity firm, Gainline Capital Partners.

The combination of iES and MACH brings together two highly talented teams with a shared focus on providing best-in-class software and client experiences. iES and MACH provide a comprehensive set of solutions to increase building efficiency and net operating income ("NOI") while improving the resiliency and reliability of the power grid.

Brock Nigg, iES's Founder and CEO, commented, "iES's mission to decarbonize the grid in partnership with our building owner and facility and property management clients requires both scale and engagement. MACH's team, platform and blue-chip customer base are highly complementary to this mission and we are thrilled to come together. Our combined passion to help our building clients increase NOI and participate in decarbonization and other sustainability initiatives will drive tremendous value for customers."

"MACH is excited about the next chapter of serving commercial buildings. iES's innovative grid relationship management platform and healthy buildings capabilities will be highly beneficial to our collective customer base," said Jon Moeller, MACH CEO.

"iES's organic growth trajectory has been impressive," said Allan Weinstein, Managing Partner of Gainline. "MACH's strong reputation and national footprint will accelerate the combined company's future growth as we continue to leverage technology to address key environmental, social, and governance (ESG) initiatives in the market. We are excited to support the partnership."

About Software Equity Group

Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than twenty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees and customers. Over this time 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.