Westlake Securities Advises Cadeo on Its Acquisition by Resource Innovations

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 [email protected].

About Resource Innovations

Resource Innovations is accelerating the transition to clean energy, serving as a trusted partner to utilities and governments in energy efficiency and decarbonization planning. Since its inception in 2016 under a bold and urgent vision to address climate change and energy equity, Resource Innovations has been included in the Inc. 5000 List of America’s Fastest Growing Companies three times. Visit resource-innovations.com to learn more about how we are accelerating the clean energy transition and leading the charge to power change.

About Cadeo

Cadeo is a clean energy consulting firm based in Portland, Ore. that works with utilities, investors, communities, and solution providers to transform how energy is used, generated, and managed. Since 2014, Cadeo has strived to achieve results for its clients and solve problems for those seeking to decarbonize the world. Through thoughtful research, technical experience, and strategic advice, Cadeo provides consulting services in energy efficiency, electrification, and distributed energy resources, and works to plan and improve programs, allocate resources, and transform markets. To learn more about Cadeo, visit cadeogroup.com.

About Westlake Securities

Westlake Securities is a leading lower-middle market investment bank based in Austin that provides a comprehensive suite of investment banking services to companies throughout the United States. The firm focuses on mergers and acquisitions, private placements, liquidity, liquidation, and restructuring advisory, management and growth consulting, and on-site and remote fractional and interim c-suite roles for a broad array of industries. To learn more about Westlake Securities, visit westlakesecurities.com.