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Footprint Capital Advises Pioneer Energy Management in Acquisition of Submeter Solutions
Columbus, Ohio, February 28, 2025 – Pioneer Energy Management, Inc. (“PEM”) acquired Submeter Solutions (“Submeter”), a utility submetering company based in Seattle, WA. Footprint Capital, LLC (“Footprint”) acted as the exclusive buy-side advisor in the transaction.
Headquartered in Westerville, OH, Pioneer Energy Management is a full-service energy management and submetering company who provides tailored solutions from the initial installation of the electric and water infrastructure, to submetering, to billing and customer service.
Founded in 2001, Submeter Solutions was built on technical excellence and a deep commitment to sustainability. The Company offers full-service utility management solutions including electric, water and gas submetering, system configuration and installation, meter equipment sales, and billing services to its customers.
With this acquisition, PEM increases its presence from 11 to 33 states nationwide, as well as significantly expands its product offerings for utility equipment sales. The two companies combined will now be responsible for the reading and billing of nearly 90,000 meters every month.
David Hatcher, President and CEO of PEM, commented “This is a monumental moment in PEM’s history. One that will stretch our organization and set us up for future growth, expansion and success. We’re excited to expand our offices to include Submeter Solutions’ headquarters in Seattle, Washington, and look forward to collaborating with their current team. And we’re thrilled to be able to provide a more in-depth list of solutions to contractors, developers, property management companies and home owner associations.”
Sarah DeLong, COO of PEM, commented “We care about our customers and we want to help our partners and tenants accurately monitor their utility usage. We’re passionate about what we do, and we look forward to joining forces with Submeter Solutions to provide tailored energy management solutions to create a sustainable future for generations to come.”
Read PEM’s full press release here.
Footprint Capital is a middle market investment bank with locations in Columbus, Ohio and Pittsburgh, Pennsylvania focused on advising owners and operators of privately held companies in the middle market. Footprint Capital’s services include sell-side and buy-side merger and acquisition advisory, private equity and family office deal origination services, ownership transition planning, debt advisory, and strategic management consulting. For more information, visit: www.footprintcapital.com.
ABOUT PIONEER ENERGY MANAGEMENT
Pioneer Energy Management is a full-service utility submetering and energy management provider offering comprehensive solutions for electric, water and gas infrastructure installation, submetering, billing and customer support. PEM sets itself apart with its commitment to innovation, sustainability and service excellence. For more information, visit: www.pioneerem.com