King & Spalding served as legal counsel to EnergyCAP and its shareholders in connection with a strategic investment in EnergyCAP, a leading utility and energy management platform serving more than 750 organizations and tracking more than $50 billion in utility bill value annually, by LLR Partners, a Philadelphia-based lower middle market private equity firm focused on investing in software and tech-enabled companies within the knowledge economy.
Existing investor, Resurgens Technology Partners, an Atlanta-based tech-focused private equity firm investing in North American and select European lower middle-market application and infrastructure software businesses, will remain an active investor in EnergyCAP alongside LLR.
King & Spalding previously advised Resurgens on its initial acquisition of EnergyCAP in 2021 and EnergyCAP's subsequent add-on acquisition in 2022.
Third-party coverage:
LLR Partners takes stake in energy management platform EnergyCAP (PE Hub) [behind a paywall]
LLR Partners Invests in EnergyCAP to Accelerate Utility Management Platform Growth (citybiz)