The Riverside Company Signs Definitive Agreement To Sell Leading Energy Analytics Software Provider Energy Exemplar To Blackstone & Vista Equity Partners
Portfolio Pulse from Benzinga Newsdesk
The Riverside Company has signed an agreement to sell Energy Exemplar, a leading simulation software provider for the global power market, to private equity funds affiliated with Blackstone (NYSE:BX) and Vista Equity Partners. Financial details were not disclosed. Energy Exemplar has grown at 30% CAGR since 2018 and currently serves over 500 utilities and power companies in more than 79 countries.
October 31, 2023 | 1:07 pm
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POSITIVE IMPACT
Blackstone is acquiring Energy Exemplar, a leading simulation software provider for the global power market. This could potentially expand Blackstone's portfolio and influence in the energy sector.
The acquisition of Energy Exemplar by Blackstone could potentially expand its portfolio and influence in the energy sector. Given Energy Exemplar's strong growth and wide customer base, this could be a positive move for Blackstone in the short term.
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IMPORTANCE 70
RELEVANCE 80