News Column

D.A. Davidson & Co. Acts as Exclusive Financial Advisor to Applied Proactive Technologies in Sale to CLEAResult

August 12, 2014

COSTA MESA, Calif.--(BUSINESS WIRE)-- D.A. Davidson & Co., a full-service investment firm with a nationwide investment banking practice, served as exclusive financial advisor to Applied Proactive Technologies, Inc. (APT), a leader in the design and implementation of customized energy efficiency programs for energy efficiency sponsors, in its sale to CLEAResult. Transaction terms were not disclosed. CLEAResult, a leader in designing and implementing technology-enabled energy efficiency programs for utilities, governments, schools, and businesses, is backed by General Atlantic, a leading global growth equity firm.

“We are proud to serve as the exclusive financial advisor to APT in its sale to CLEAResult,” said Brian Boyle, managing director at D.A. Davidson. “Teaming up with CLEAResult creates the market leader in consumer products programs, while allowing APT to maintain its commitment to its clients’ needs. CLEAResult and APT have a common mission to change the way people use energy and together will be able to continue that commitment.”

“We are looking forward to joining the CLEAResult team to help APT expand its impact through the additional resources and scale CLEAResult provides,” says Dave Leishman, outgoing president of APT. “D.A. Davidson’s ability, persistence, and tenacity in navigating us through the many hurdles of the transaction process provided for a very successful outcome for the shareholders.”

About Applied Proactive Technologies

APT started as a five-person consulting firm in 1996 and has grown into a nationwide company with approximately 220 full-time professional, administrative and field personnel. APT’s corporate office is located in Springfield, Massachusetts with satellite offices in Madison, Wisconsin; Mokena, Illinois; and Portland, Oregon. The Company is among the most experienced contractors in the country in delivering retail-based Residential and Commercial & Industrial (C&I) programs that encourage customers to purchase ENERGY STAR® certified and other energy efficient products. APT currently implements programs for over 40 clients in 25 states across the country. Learn more at

About CLEAResult

CLEAResult is a leading provider of energy efficiency programs and services. Through proven strategies tailored to clients’ unique needs and market dynamics, the combined strength of experienced energy experts and technology-enabled service offerings help change the way people use energy for hundreds of utility and business partners around the globe. Founded in 2003, CLEAResult is headquartered in Austin, Texas, and has over 1,500 employees in more than 40 cities across the U.S. and Canada. The company is backed by General Atlantic, a leading global growth equity firm. For more information, visit

About D.A. Davidson & Co.

D.A. Davidson & Co. is a full-service investment firm with operations throughout the country. D.A. Davidson’s Equity Capital Markets Group provides services and products that include investment banking, institutional sales, trading, research and corporate services. The firm’s industry-driven research teams offer award-winning research and are supported by a dedicated group of sales and trading professionals. D.A. Davidson’s investment banking team underwrites public offerings, serves as a placement agent for private financings, and advises companies on mergers and acquisitions.

The Equity Capital Markets Group is based in Portland, Ore., and operates from offices in Baltimore; Boston; Chicago; Denver; Great Falls, Mont.; Minneapolis; New York; Orange County, Calif.; Salt Lake City; and Seattle.

D.A. Davidson & Co. is one of four firms within D.A. Davidson Companies, a 79-year-old, employee-owned regional financial services holding company.

LANE for D.A. Davidson & Co.

Ted Lane, 212-302-5948

Cell: 503-720-4571


D.A. Davidson Companies

Jacquie Burchard, 406-791-7465

Cell: 406-868-1392

Source: D.A. Davidson & Co.

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Source: Business Wire

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