PE-Backed Firm Acquires Retail Energy Broker

Tango, which is described as a provider of cloud-based real estate and facilities management software, has acquired WatchWire, formerly known as Energy Watch LLC, which, among other services, is a retail energy broker in various markets

WatchWire also provides data and analytics related to energy expenses, emissions, and sustainability goals.

WatchWire’s leadership team is joining Tango

The combined business will serve over 500 customers in more than 140 countries from its primary offices in Dallas and New York, the companies said.

"The acquisition will deliver an integrated solution to help customers meet and comply with energy management and sustainability goals across the real estate lifecycle," the companies said

Berkshire Partners, described as a multi-sector specialist investor in private and public equity, made a growth investment in Tango in 2021