May 13, 2015: CLEAResult to Acquire Conservation Services Group
Acquisition Will Help Expand the Depth and Breadth of CLEAResult’s Service Offerings
AUSTIN, Texas — CLEAResult, a leader in designing and implementing energy efficiency programs for utilities, announced that it has entered into an agreement to purchase the assets of Conservation Services Group (CSG), a leading provider of residential energy efficiency programs in the United States.
“With more than 30 years of experience and a commanding presence in the Northeast, CSG is a foundational company in our industry, that will help expand the depth and breadth of CLEAResult’s service offerings to our clients,” said Glenn Garland, chairman and CEO, CLEAResult. “With the addition of CSG’s specialty residential expertise into our broad service portfolio, CLEAResult is able to help utilities better engage with end-user customers, improving their overall customer experience and satisfaction.”
Founded in 1984, CSG oversees 70 residential energy efficiency programs on behalf of utility and public agency clients. It operates 21 offices with approximately 800 employees across 14 states. In 2014 alone, CSG said it executed more than 89,900 residential retrofit projects with an average reduction in energy use of 30 percent.
“Like CSG, CLEAResult has consistently demonstrated its long-term commitment to energy efficiency by investing in its people, innovation, and technical capabilities. This move will benefit both our clients and the environment, and we couldn’t be more excited to join the CLEAResult family,” said Stephen Cowell, CEO of CSG. “Together we plan to continue to grow our services and further establish ourselves as the leader in energy efficiency, advocating for and implementing programs that drive real change and innovation in the industry.”
Headquartered in Westborough, Massachusetts, CSG said it has improved the efficiency of more than 3.8 million homes since 1984, while simultaneously training more than 27,300 contractors and technicians to become energy efficiency experts.
The transaction is subject to regulatory approval that includes review by the Massachusetts attorney general. Upon close of the deal, CSG services will be offered as part of the CLEAResult brand. CLEAResult plans to have the same local client program teams continue to serve CSG’s existing clients, and plans to further expand the availability of CSG’s residential offerings across North America.
“With this strategic investment, CLEAResult now possesses the geographic reach, leadership talent, resources, and expertise unlike anyone in the marketplace today,” said Garland. “And we will move quickly to integrate our newly acquired capabilities and skills to meet our client’s needs today and in the future.”
For more information about CLEAResult, visit www.clearesult.com.
For more information about Conservation Services Group, visit www.csgrp.com.
Publication date: 5/11/2015