TLDR:
- Morgan Stanley Capital Partners (MSCP) acquired energy efficiency and sustainability-focused services provider Resource Innovations.
- Resource Innovations works with utilities, government agencies, and corporate clients to help meet energy transition and decarbonization goals.
Morgan Stanley Investment Management’s middle-market focused private equity team, Morgan Stanley Capital Partners (MSCP), has acquired Resource Innovations, an energy efficiency and sustainability-focused services provider based in San Francisco. Resource Innovations, founded in 2016, offers advisory services, program management services, and software to help organizations lower energy costs, reduce waste, cut emissions, and improve grid resiliency.
Eric Kanter, Managing Director and Head of Industrial Services at MSCP, emphasized that Resource Innovations’ tech-enabled services play a crucial role in turning energy policy goals into reality by supporting core energy efficiency needs and addressing clean energy transition challenges in the United States.
Under the terms of the acquisition, MSCP will acquire a controlling interest in Resource Innovations from BV Investment Partners and other shareholders. Resource Innovations founder, Lauren Casentini, will continue as CEO of the company, remaining a significant equity holder. Casentini expressed excitement about the growth potential of the company and looks forward to collaborating with Morgan Stanley Capital Partners to continue expanding.
Overall, the acquisition of Resource Innovations by Morgan Stanley Capital Partners highlights the increasing focus on energy transition and sustainability within the investment community. With Resource Innovations’ expertise in energy efficiency and decarbonization, the partnership aims to drive innovative solutions to support organizations in achieving their sustainability goals.
