Global Infrastructure SherpaPartners Group acquires energy efficiency platform Budderfly
Partners Group acquired Budderfly, an energy efficiency platform that provides energy-as-a-service solutions to commercial and industrial customers. The acquisition will support Budderfly's continued growth and expansion.
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Budderfly's Energy-as-a-Service (EaaS) platform provides customers with immediate, guaranteed energy efficiency improvements and usage reductions at no project risk or out of pocket costs. "The company enters into long-term contracts with customers, earning revenues through a share of energy cost savings, with Budderfly designing, integrating, installing, and fully funding a comprehensive portfolio of energy efficiency technology upgrades, and managing and monitoring their energy usage."
"Partners Group announced a commitment of $500 million for the acquisition of a majority stake and provision of growth capital in energy efficiency technology provider Budderfly, aimed at scaling the company into a multi-billion-dollar infrastructure platform."
"Partners Group announced a commitment of $500 million for the acquisition of a majority stake and provision of growth capital in energy efficiency technology provider Budderfly, aimed at scaling the company into a multi-billion-dollar infrastructure platform."
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