Resurgens Technology Partners, a software-focused private equity firm, has invested in Pennsylvania-based EnergyCap Inc. EnergyCap’s service, which includes its software and complementary services, is used by organizations across the government, education and commercial sectors to streamline utility bill accounting and energy management. Resurgens will work alongside EnergyCap to deepen customer acquisition strategies, expand into adjacent end markets, accelerate technology innovations and execute acquisitions to expand its product breadth.
“As we embark on this next chapter in our company’s long history, we see an incredible opportunity to work alongside Resurgens to become the leading platform for all aspects of an organization’s utility bill accounting and energy management needs,” commented Steve Heinz, founder and CEO, EnergyCap. “Resurgens is a unique group of highly-talented software-focused investment and operating professionals who will fuel accelerated growth and success through strategy, execution, capital and people.”
“EnergyCAP has proven its ability time and time again to adapt to the evolution in technology and the utility management industry,” said Fred Sturgis, managing director, Resurgens. “They provide not just a ‘slick tool’ for a simple problem; rather, they help customers solve for difficult mission-critical problems with an impressive blue-chip and loyal customer base. In addition, they have created a true community-oriented culture that enables employees to perform at their best. We are excited about partnering with EnergyCAP in this next phase of the company’s growth and expansion.”
Software Equity Group acted as exclusive financial advisor to EnergyCap.