BV Investment Partners has sold Resource Innovations, a tech-enabled service firm focused on energy efficiency and sustainability, to Morgan Stanley Capital Partners to enhance growth opportunities in the clean energy sector.

Information on the Target

Resource Innovations is a premier tech-enabled services firm established in 2016, dedicated to energy efficiency and sustainability initiatives. The company specializes in providing advisory services, program management, and software solutions tailored for utility, government, and corporate clients. Resource Innovations focuses on critical areas such as energy efficiency and decarbonization, striving to lower energy costs, mitigate waste, reduce greenhouse gas emissions, and enhance grid resiliency.

After BV Investment Partners made their investment in 2021, Resource Innovations achieved significant milestones, including the strategic acquisition of energy software and consulting firm Nexant, Inc. This merger has positioned Resource Innovations as a formidable player in delivering comprehensive energy solutions to various consumer sectors, including utilities and commercial, industrial, and residential markets. Headquartered in the San Francisco Bay Area, the company has enjoyed rapid growth and is recognized for its innovative approach to the clean energy transition.

Industry Overview in the Target’s Specific Country

The energy sector in the United States is undergoing a significant transformation as it shifts towards cleaner and more sustainable energy sources. The demand for energy efficiency solutions has become increasingly paramount due to legi