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Add-on acquisition Oct 2024 · Massachusetts Verified

Green Energy Gains as Strategic Add-on for ConnectM's Heat Pump Business

The acquisition of Green Energy Gains is expected to expand the customer base for ConnectM's proprietary electric heat pump and serves as an entry point for its Home Energy Assessment flywheel. Green Energy Gains brings a local partner ecosystem of HVAC contractors to serve as a distribution channel.

“Green Energy Gains, as a strategic acquisition, strengthens ConnectM's portfolio and is expected to expand the customer base for its proprietary electric heat pump, offering a suitable solution for homeowners after no cost home energy assessments. The acquisition serves as an entry point for the HEA flywheel, providing whole home electrification solutions and unlocks the world of rebates and incentives for electrification. Green Energy Gains also brings a local partner ecosystem consisting of HVAC contractors which will serve as a distribution channel for ConnectM heat pumps and pave a path for potential future Master Service Agreements.”

Entities

ConnectM Technology Solutions, Inc. · Acquirer Green Energy Gains Inc. · Target
Home performanceHVAC Sentiment: Positive

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