TPG to Acquire Majority Stake in Conservice
December 23, 2025
TPG signed a definitive agreement to acquire a majority stake in Conservice, a tech-enabled utility management platform serving the U.S. property management industry. Advent International will retain a significant minority stake, while TA Associates will fully exit its stake; the deal is expected to close in the first quarter of 2026, subject to customary approvals.
- Buyers
- TPG
- Targets
- Conservice
- Sellers
- TA Associates, Advent International
- Industry
- IT Services
- Location
- Utah, United States
- Transaction Type
- Buyout
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