Resource Innovations Acquires Cadeo

Morgan Stanley Capital Partners Acquires Resource Innovations

April 2, 2024

Energy

Investment funds managed by Morgan Stanley Capital Partners acquired a controlling interest in Resource Innovations from BV Investment Partners and certain other shareholders. Resource Innovations, a San Francisco Bay Area–headquartered tech-enabled services firm serving utilities, government and corporate clients on energy efficiency and decarbonization, will continue to be led by founder and CEO Lauren Casentini, who remains a significant equity holder; MSCP plans to support continued organic growth and M&A to expand the business.

Arcadia Acquires RPD Energy

February 10, 2025

Renewable Energy

Arcadia, the global utility data and energy solutions platform, has acquired RPD Energy (Renewable Power Direct) to expand its Enterprise Energy Procurement Advisory offerings. The acquisition brings RPD’s renewable procurement structuring, analytics, and 24/7 carbon-free energy capabilities into Arcadia’s platform; RPD EVP Rohit Marwaha will lead Arcadia’s onsite and offsite procurement advisory offerings.

Resource Innovations Acquires TechniArt

December 22, 2022

Cloud & SaaS

Resource Innovations, a women-led clean energy transformation firm and portfolio company of BV Investment Partners, has acquired Connecticut-based e-commerce and customer engagement company TechniArt. The add-on expands RI's digital and e-commerce capabilities to help utilities drive adoption of energy-efficient and electrification measures through improved customer engagement and program delivery.

Seneca Resources Acquires QED National

May 26, 2023

IT Services

Seneca Resources, a Caymus Equity-backed IT and engineering professional services firm, has acquired QED National, a New York City–based IT consulting and cybersecurity provider. The add-on transaction (closed May 26, 2023) expands Seneca's consulting and cybersecurity capabilities and establishes a new office in New York City to broaden its national presence.

Resource Innovations Acquires Shifted Energy

October 9, 2025

Energy

Resource Innovations (RI), a San Francisco–based utility software and consulting platform, has acquired Honolulu-based Shifted Energy to integrate its Grid Maestro DERMS technology into RI’s demand-side management (DSM) and grid-edge offerings. The deal expands RI’s capability to deliver end-to-end virtual power plant and flexible load management solutions at scale, with a focus on equitable access for renters and underserved communities.

ADEC Innovations Acquires Cameron-Cole

September 29, 2021

Environmental Services

ADEC Innovations has completed its acquisition of Cameron-Cole, a U.S.-based environmental services and regulatory compliance consulting firm. The deal expands ADEC Innovations' environmental and sustainability consulting capabilities, adds remediation and hydrogeological services, and extends its U.S. office presence to Colorado and Florida.