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TPG To Acquire Majority Stake In Company Registered As Retail Energy Broker
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TPG, a global alternative asset management firm, today announced the signing of a definitive agreement to acquire a majority stake in Conservice (the “Company”), a utility management platform for the property management industry whose activities include retail energy brokering
TPG will invest in Conservice through TPG Capital, the firm’s U.S. and European private equity platform, and will join global private equity investor Advent International, who will retain a "significant" stake after first investing in Conservice in 2020. In connection with the transaction, TA Associates will fully exit its stake in the business.
Conservice provides mission-critical, tech-enabled utility management tools to property managers throughout the U.S. including services related to metering, billing, payment, procurement, and analytics, with nearly 8 million units nationwide
The transaction is expected to be completed in the first quarter of 2026, subject to customary approvals and closing conditions. Terms of the transaction were not disclosed.
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December 22, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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