Partners Group, a global private markets firm, has acquired a majority equity stake in Budderfly, an energy-as-a-service (EaaS) provider in the US, and committed further growth capital totalling more than USD500 million.
Partners Group aims to transform Budderfly into a multi-billion-dollar infrastructure platform by investing to expand its customer base and solutions offering. Budderfly’s experienced management team has invested and partnered alongside Partners Group to capture this large market opportunity.
Founded by its chief executive officer Al Subbloie, Budderfly offers EaaS solutions for the measurement, reduction, and management of energy demand and consumption. This involves designing, integrating, installing, and fully funding a comprehensive portfolio of energy efficiency technology upgrades for customers, as well as managing and monitoring their energy usage.
