Utility Management Solutions

The Deal

Bought By

Dan Rappaport and Sam Seehof

Year

Not published by any primary source

Both backers date only their own 2023 investments, the index host beside this company and the second backer beside the holding company that operates it. Nothing read states when the purchase closed.

Vehicle

Energy Savings Partners, a long-term hold backed by Search Fund Partners and Hunter Search Capital

Kind

Services

A water submetering company installing and maintaining meters and running the billing behind them, the first of three utility businesses under one holding company.

What Happened Next

Still held: the index host files it as active with the pair as chief executives, and the second backer files the holding company above it as a long-term hold.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts.

• Search Fund Partners' own account searchfunds.net
• Hunter Search Capital's own account huntersearchcapital.com

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. The index host's card names both as chief executives beside its own 2023 investment; the second backer names both as co-chief executives of the holding company that operates this business, beside its own 2023 investment. Nothing on either says they bought it.