Austin, Texas – June 25, 2024 – Westlake Securities, a leading lower-middle market investment bank, is pleased to announce its role as exclusive financial advisor to clean energy consulting firm Cadeo on the company’s acquisition by Resource Innovations (RI), a leading tech-enabled services company and portfolio company of Morgan Stanley Capital Partners.      

Based in Portland, Ore., Cadeo is a clean energy consulting firm providing services in energy efficiency, electrification, and distributed energy resources. The company brings a proven track record of long-term industry relationships, substantial codes and standards, market transformation, emerging technology, and research and analytics capabilities to RI, one of the largest market transformation firms in the U.S.

Resource Innovations is a leading tech-enabled services company focused on energy efficiency and sustainability. This acquisition will provide clients with unmatched innovation as they face evolving energy challenges by leveraging Cadeo’s expertise in market transformation and emerging technologies.

Rob Carmichael, Founder of Cadeo, commented, “We deeply appreciate Westlake Securities for bringing our two companies together and facilitating a smooth process to make this a success. We believe this combination will increase our impact and expand the possibilities for both our clients and our team members.”       

As a founder-owned business, Cadeo was seeking to find a strategic partner with a shared culture and mission that would provide enhanced opportunities for team members and clients to impact the energy transition.

If you’re interested in learning more about this deal or the potential options for your company, please feel free to get in touch via info@westlakesecurities.com.