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News/May 24, 2021

FMI Advises Resource Innovations in Recapitalization by BV Investment Partners and Acquisition of Nexant

Combined Company to Drive Energy Industry Innovation

FMI Capital Advisors is pleased to announce the recapitalization of women-led energy consulting company Resource Innovations by BV Investment Partners and the acquisition of energy services and software firm Nexant, Inc. FMI served as the exclusive financial advisor to Resource Innovations for this transaction.

Resource Innovations added Nexant to the organization, resulting in a powerful yet nimble combined company for driving best-in-class energy and software solutions to utilities and energy consumers. Resource Innovations brought capital and equity alongside BV Investment Partners to fund the transaction, and the combined firm will remain women-led and -controlled.

The broader platform of the combined company will bring the backing of the investment community to advance diversity in the energy industry with a ground-breaking agreement that establishes diversity metrics into the legal structure and makeup of the combined company.

Innovative Clean Energy Solutions

“A paradigm shift is happening in the way we generate, transmit, distribute, and use energy,” said Resource Innovations CEO Lauren Casentini. “We’re excited to welcome Nexant, a company that shares our passion and commitment to delivering innovative clean energy solutions. This combined team of industry experts, supported by tech-enabled capabilities and solutions, is poised to guide the energy industry through the clean and sustainable energy transition.”

Managing Partner of BV Investment Partners Justin Harrison adds, “The strengths of Resource Innovations and Nexant as legacy companies are clear, and we couldn’t be more supportive of Lauren’s vision for the new, combined company, which is poised for growth,” he said. “There is long-term potential in clean and sustainable energy investments, and we’re thrilled about her plan to accelerate innovation in this dynamic industry. We are very pleased to partner with Lauren, whose track record as an innovator speaks for itself, and the Resource Innovations and Nexant teams as they embark on this journey.”

The combined organization has innovative leaders across demand side management and smart grid sectors, with tremendous potential to bring clients new tech-enabled solutions for emerging market needs such as demand response, distributed energy resources, and electric vehicles.

About Resource Innovations and Nexant Together
Resource Innovations now combined with Nexant is a substantially woman-owned, woman-led energy consulting firm dedicated to creating equal access to clean resources through diverse partnerships. The company’s deep roots and broad expertise in resource efficiency, policy development, coalition and partnership building, and market-based technology support enable the delivery of high-performing clean energy solutions. Nexant brings over 20 years of industry experience in demand-side management, grid management, and renewables, as well as a comprehensive suite of software designed to support these initiatives. For more, visit resource-innovations.com.

About BV Investment Partners
BV Investment Partners are active partners with a proven track record of investing alongside founders, management, and families to grow businesses. The firm’s senior investment professionals have an average of over 20 years of investing and operating experience each in technology-enabled business services and information technology and communication services. For more, visit bvlp.com.

About FMI Capital Advisors
FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm dedicated to the built environment. With more than 750 completed M&A transactions, FMI’s industry focus enables us to maximize value for clients through deep market knowledge, strong technical expertise, and an unparalleled network of industry relationships.

FMI Capital Advisors’ Energy Solutions & Cleantech Group provides M&A advisory and capital formation services for companies in the energy solutions and cleantech industry.

For more information, visit FMI Capital Advisors.

FMI Capital Advisors Contacts

Tim Huckaby
President, FMI Capital Advisors
thuckaby@fminet.com
303.398.7265

Russell Clarke
Vice President, Energy Solutions & Cleantech
rclarke@fminet.com
303.398.7213

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