TPI Efficiency Expands Through Tecum Capital and ScaleCo Investment
Deal News | May 08, 2025 | Tecum Capital Partners
Tecum Capital Partners, a private investment firm based in Pittsburgh, has announced its investment in TPI Efficiency, a Cleveland-based energy brokerage and management firm. Alongside ScaleCo Capital, another Cleveland-based private equity firm, Tecum supports TPI's acquisition of The Utilities Group (TUG), an energy management provider from Cincinnati. This merger aims to enhance the capabilities and geographic reach of TPI by integrating TUG's expertise. This strategic acquisition positions both companies to become one of Ohio's largest energy brokerage firms, expanding into deregulated energy markets. TPI is known for its extensive energy consulting services, which include procurement and sustainability planning. The merger aligns with the firms' missions to foster sustainable growth in the energy sector. Leaders from both Tecum and ScaleCo emphasize the strategic significance of the partnership and the potential for continued expansion in their investment portfolios.
Sectors
- Energy Management
- Private Equity
Geography
- United States - Specifically Ohio – The companies involved, TPI Efficiency and The Utilities Group, are based in Ohio, highlighting the regional focus of the acquisition. Tecum Capital is based in Pittsburgh, Pennsylvania, while ScaleCo is in Cleveland, Ohio.
Industry
- Energy Management – The article discusses the merger and acquisition within the energy management industry, specifically focusing on energy efficiency and sustainability solutions.
- Private Equity – Tecum Capital and ScaleCo Capital are involved as private equity firms supporting the acquisition of The Utilities Group by TPI Efficiency.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TPI Efficiency | Target Company | Company | A Cleveland-based energy brokerage, energy management solutions, and sustainability consulting firm. |
| The Utilities Group (TUG) | Company Being Acquired | Company | A Cincinnati-based energy management and sustainability consulting firm. |
| Tecum Capital Partners | Private Equity Firm | Company | A Pittsburgh-based private investment firm providing mezzanine debt and equity investments in middle-market companies. |
| ScaleCo Capital | Private Equity Firm | Company | A Cleveland-based lower middle-market private equity firm focused on growth equity investments. |
| Vin Zachariah | Chief Executive Officer of TPI Efficiency | Person | CEO of TPI Efficiency. |
| Brendan Anderson | Managing Partner at ScaleCo | Person | Managing Partner at ScaleCo, involved in the investment deal. |
| Matt Harnett | Partner at Tecum | Person | Partner at Tecum Capital, leading the investment in TPI. |
| Husnain Safdar | Investment Leader at Tecum | Person | Investment leader involved in Tecum's investment in TPI. |