ESG, a global leader in energy SaaS solutions that serves 40 million end users worldwide, has acquired Whitestar.
Whitestar is a leading provider of infrastructure planning, data and software products for green energy, oil and gas, utility, telco, rail, mining, and forestry services.
Lancashire-based ESG provides a complete software platform for energy providers, enabling critical solutions in market and asset management in聽North America聽and the聽UK.
The company serves over 800 blue chip energy players and over 40 million end users worldwide.
Matt Hirst, CEO of ESG, said: 鈥淓SG provides innovative software solutions across the energy ecosystem.
鈥淥ur market and technology expertise help energy retailers, traders, and asset infrastructure companies to thrive in an ever-changing environment.
鈥淲ith the addition of Whitestar, we will help customers to simplify their biggest land mapping challenges and improve land-related business decisions based on data insights.
鈥淭his acquisition also enables customers to use the full ESG Pandell asset infrastructure data management product suite in order to optimize land operations.
鈥淲e are excited to welcome the talented Whitestar team to ESG to create innovative solutions that help organizations to more effectively manage the entire lifecycle of land assets.鈥�
The terms of details have not been disclosed.
Whitestar, which offers the highest quality land and most extensive survey data, surface ownership parcel information, and culture data, is backed by Contour Ridge, a Texas based private equity firm.
Dan O鈥機onnor, 聽director of Whitestar 聽and managing partner of Contour Ridge, added: 鈥淭oo often, the companies that produce and move energy, renewables, and natural resources lack critical insights about the land they own, operate, and use.
鈥淎s a result, they are unable to make effective decisions such as evaluating new projects.
鈥淏y combining forces with ESG, our products will provide those critical insights to more energy and renewable companies, so that organizations can use a single product suite to manage the entire land value chain including comprehensive project evaluation, acquisition, development, production, billing, financial reporting and more.
鈥淚 am excited about the new opportunities for ESG and Whitestar customers and employees.鈥�
Together, ESG and Whitestar serve companies throughout the energy and land value chain, driving operational efficiency and growth opportunities for their customers.
ESG is backed by Accel-KKR, a global software-focused private equity firm with US$19 billion in cumulative capital commitments.