Platform

Trivest Closes its 16th Acquisition of the Year with NuEnergen, a Fund V Platform Investment

MIAMI, FL – (November 29, 2017) Trivest Partners (“Trivest”) announces it has recapitalized NuEnergen, LLC (“NuEnergen” or the “Company”). The NuEnergen transaction represents Trivest’s 16th acquisition so far in 2017.

NuEnergen is a leading demand response aggregator and provider of consulting, energy invoice auditing, and smart grid solutions to commercial, industrial and municipal (CIM) electric power users in the Northeast and Mid-Atlantic U.S. This transaction marks the 15th platform investment of Trivest Fund V, a $415 million fund dedicated to investing in founder/family-owned businesses.

NuEnergen benefits from a scalable, recurring revenue model and maintains long-standing relationships with over 100 CIM customers throughout the Northeast and Mid-Atlantic. The Company is an indispensable energy management provider for its clients and power grid managers alike, ensuring grid reliability in peak demand situations.

Due to rising energy demand and aging infrastructure, there is an increased need for demand response services throughout the U.S. With NuEnergen’s market leading scale and broad service capabilities, the Company is poised to capitalize on these industry tailwinds and continue its growth trajectory. Trivest’s support will allow NuEnergen to actively pursue organic expansion and strategic acquisition opportunities.

About Trivest Partners:

Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada.  Since its founding in 1981, Trivest has completed more than 250 transactions, totaling in excess of $5.5 billion in value.  For additional information, please visit www.trivest.com.

 

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