Stem, Inc. Acquires AlsoEnergy
December 16, 2021
Stem, Inc. acquired AlsoEnergy (Also Energy Holdings, Inc.), a global leader in solar asset management software, in a cash-and-stock transaction announced in December 2021 and closed in early 2022. The ~$695 million deal (approximately 75% cash / 25% stock) expands Stem's software capabilities and assets under management, adding ~32–33 GW of solar AUM and broadening cross-sell opportunities across utility and commercial & industrial customers.
- Buyers
- Stem, Inc.
- Targets
- AlsoEnergy (Also Energy Holdings, Inc.)
- Sellers
- Clairvest Group Inc., Clairvest Equity Partners V, AlsoEnergy shareholders (including co-founders Robert Schaefer and Holden Caine)
- Industry
- Renewable Energy
- Location
- Colorado, United States
- Transaction Type
- Buyout
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