CLEAResult Consulting to acquire Oregon energy efficiency company

Sep 17, 2014
Austin Business Journal

CLEAResult Consulting Inc., an energy-efficiency firm, has reached an agreement to acquire an Oregon company

The Austin-based CLEAResult said Tuesday is has the agreement with PECI, a 35-year-old firm in Portland, Oregon with 300 employees. Financial terms of the deal were not disclosed

Founded in 1979, PECI designs and manages energy efficiency programs for utility providers, government organizations and a variety of other clients, according to a CLEAResult news release

CLEAResult, founded in 2003 with two employees in Houston, employs more than 1,250 workers in more than 40 cities in North America. It mostly works with electric and gas utilities in designing and implementing energy efficiency and peak-reduction programs

In August, CLEAResult acquired 8-year-old Colorado-based Populus LLC for an undisclosed amount

On the most recent Austin Business Journal Fast 50 list, which ranks the fastest-growing companies based on revenue growth, CLEAResult ranked No. 10 among companies posting more than $10 million in annual revenue. In 2012, the company reported revenue of $120.5 million

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