Integrated Energy Services (“iES) announced today that it has acquired MACH Energy®, an award-winning energy management and sustainability software platform. Terms of the transaction were not disclosed.
iES, a market leading provider of grid relationship management software and demand response services, is a portfolio company of Gainline Capital Partners.
Company officials say the buyout brings together two highly talented teams with a shared focus on providing best-in-class software and client experiences. Each offers a comprehensive set of solutions to increase efficiency and net operating income (NOI) while improving the power grid’s resiliency and reliability, the report said..
Brock Nigg, iES’s Founder and CEO, said that 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,” Nigg said. “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 CEO John Moeller was equally bullish 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 Moeller.
Allan Weinstein, managing Partner of Gainline, called iES’s growth trajectory impressive.
“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,” Weinstein said. “We are excited to support the partnership.”
iES provides grid relationship management software and demand response services to commercial electricity customers. Company officials say its EnergyDeskTM and TheodoraTM software solutions allow customers to monitor real time energy data, generate savings, improve building efficiency, and achieve environmental and sustainability goals. For further information, visit www.energythatworks.com
MACH describes itself as a modern energy management and sustainability software platform for commercial buildings. Officials say the company’s intuitive analytics, enterprise reporting and utility customer engagement tools help save building personnel and owners time and money and increase ENERGY STAR scores.
For further information, visit www.machenergy.com
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