Resource Innovations, a tech-enabled services company based in San Francisco, CA, focused on energy efficiency and sustainability, has acquired Cadeo, a clean energy consulting firm based in Portland, OR.
Key Details of the Acquisition
- Acquisition Amount: Not disclosed.
- Expansion Goal: The acquisition aims to broaden Resource Innovations’ service offerings in the clean energy sector.
Company Profiles
Resource Innovations:
- CEO: Lauren Casentini
- Focus: Clean energy solutions, partnering with utilities and governments for energy efficiency and decarbonization planning.
- Services: Energy efficiency programs, sustainability initiatives, and decarbonization strategies.
Cadeo:
- CEO: Harrison Grubbs
- Focus: Consulting in energy efficiency, electrification, and distributed energy resources for decarbonization efforts.
- Expertise:
- Codes and standards
- Market transformation
- Emerging technology
- Research and analytics
Strategic Benefits of the Acquisition
- Enhanced Service Offerings: By integrating Cadeo’s consulting services, Resource Innovations will enhance its capabilities in energy efficiency, electrification, and distributed energy resources.
- Expansion of Footprint: The acquisition allows Resource Innovations to expand its geographic reach and client base across the United States.
- Strengthened Expertise: Cadeo’s long-term industry relationships and extensive knowledge in codes, standards, and market transformation will strengthen Resource Innovations’ ability to drive decarbonization efforts.
- Unified Teams: Cadeo personnel will be integrated into Resource Innovations, facilitating a seamless expansion of expertise and resources within the company.
Leadership Perspectives
Lauren Casentini, CEO of Resource Innovations, emphasized the strategic fit and growth potential brought by Cadeo’s acquisition:
“This acquisition is a strategic step in expanding our service offerings and enhancing our ability to support utilities and governments in their energy efficiency and decarbonization initiatives. Cadeo’s proven track record and industry relationships are invaluable as we continue to drive innovation and sustainability in the clean energy sector.”
Harrison Grubbs, CEO of Cadeo, highlighted the synergy and shared vision between the two companies:
“Joining forces with Resource Innovations allows us to leverage our combined expertise and resources to better serve our clients and accelerate the transition to a clean energy future. We are excited to integrate our team with Resource Innovations and contribute to their mission of driving energy efficiency and sustainability.”
What we think
The acquisition of Cadeo by Resource Innovations marks a significant milestone in the expansion of Resource Innovations’ capabilities and footprint in the clean energy sector. By combining their strengths, the two companies are well-positioned to enhance their support for utilities and governments in achieving energy efficiency and decarbonization goals, ultimately contributing to a more sustainable future.
