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Clearesult Acquires Electric Vehicle Education Leader Chooseev

May 10, 2022•about 3 years ago

Acquiring Company

CLEAResult

Acquired Company

Vehicle Education Leader

AustinUtilities

Description

CLEAResult, the largest provider of energy efficiency, energy transition and decarbonization solutions in North America, announces the acquisition of ChooseEV, the leading provider of electric vehicle (EV) market awareness and education tools across North America. Through this acquisition, CLEAResult and ChooseEV will deliver an even broader set of energy transition solutions that accelerate the adoption of electric vehicles and create a greener, more sustainable future.

Company Information

Company

CLEAResult

Location

Austin, Texas, United States

About

CLEAResult is the largest provider of energy efficiency, energy transition and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed