NorthEdge Capital

NorthEdge Capital exits Utiligroup to Accel-KKR

NorthEdge Capital has sold energy technology provider Utiligroup to Energy Services Group (ESG), a leading provider of technology solutions to the retail energy and utility industries, for an undisclosed sum.

Founded in 1997, the Chorley-headquartered company is a provider of innovative Software-as-a-Service (SaaS) solutions to the utilities and energy industries and has been the pioneer in delivering Energy2.0, the emergence of the independent energy market and the analogue to digital smart meter revolution.

Utiligroup will join ESG, an Accel-KKR portfolio company, to support the company’s global growth strategy, providing a footprint in the European market. ESG has recently expanded its presence beyond the U.S. by entering Japan and Canada and is targeting further expansion into other geographies. The combination of Utiligroup and ESG will expand the Company’s global customer footprint and accelerate its product innovation roadmap.

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