Gainline Capital Partners (Gainline), a private equity firm that invests in US based middle market companies, has made an investment in Integrated Energy Services Corporation (iES).
Terms of the deal have not been disclosed.
iES is a leading provider of grid relationship management software and demand response services to commercial electricity customers. This transaction marks Gainline Capital Partners’ second platform investment in its inaugural fund.
iES Founder and CEO Brock Nigg, says: “We are excited to partner with Gainline as we execute on our strategic vision and enter the next phase of growth at iES. Gainline’s investment and support will help us expand our footprint and continue to develop best-in-class technology solutions to serve our clients while doing our part to improve the resiliency and reliability of the power grid.”
“Grid complexity, aging power infrastructure and increased corporate emphasis on environmental, social and governance (ESG) initiatives have created a growing need for the software tools and demand response services that iES provides. We are thrilled to partner with Brock and his team to further build on the Company’s robust software platform and exceptional service capabilities to accelerate growth,” says Allan Weinstein, Managing Partner of Gainline.
