Power Factors has announced a definitive agreement to be acquired by Vista Equity Partners (Vista). Vista’s backing will enable Power Factors to build on commercial momentum following its acquisitions of Greenbyte and 3megawatt GmBH earlier this year.
Q-GRG Ventures, a partnership between Quantum Energy Partners and Global Reserve Group (GRG), and Energy Impact Partners, a global investment platform, also participated in the transaction. Financial terms of the transaction were not disclosed.