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MACH Energy Acquired by Integrated Energy Services
The combination of MACH’s business intelligence and analytics tools and iES’s grid relationship management solutions will create an industry leading platform that increases building efficiency and net operating income while improving the resiliency and reliability of the power grid.
SEG served as exclusive advisor to MACH Energy
Client Description
The company
MACH Energy is a provider of industry leading energy management solutions for the commercial real estate industry. The platform enables property managers, operators, engineers, and owners to efficiently manage energy and water use, reduce costs, and improve work efficiency.
The software
MACH’s intuitive analytics, enterprise reporting, and utility customer engagement tools help save building personnel and owners time and money and increase ENERGY STAR scores.
Headquarters
Oakland, CA
Buyer Description
The company
Integrated Energy Services (“iES”) is a provider of grid relationship management software and demand response services to large commercial energy consumers. iES is backed by private equity firm, Gainline Capital Partners.
Headquarters
New York City, NY
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PRESS RELEASE OVERVIEW
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.”