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 www.appliedproactive.com.
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 www.clearesult.com.
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
institutional sales, trading, research
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
Jacquie Burchard, 406-791-7465
Source: D.A. Davidson & Co.