Retroficiency, Inc

Canaccord Genuity is pleased to announce that on October 14, 2015 Retroficiency, Inc., a leading building efficiency intelligence company, completed its sale to Ecova, Inc., an energy and sustainability management company, providing managed and technology-optimized solutions to a wide range of industries. Financial terms of the transaction were not disclosed. 

Canaccord Genuity served as exclusive financial advisor to Retroficiency and its Board of Directors in connection with the transaction.

Retroficiency is a building efficiency intelligence company for utilities and energy service providers. Its proprietary software platform creates a unique energy model of any building to provide actionable insights that enable the fastest, most cost-effective way to target buildings, engage customers, convert projects and track opportunities at scale. Retroficiency is trusted by leading organizations to improve their energy efficiency programs and services, and has evaluated more than three billion square feet of building space since March, 2011.

Ecova is a total energy and sustainability management company whose sole purpose is to see more, save more, and sustain more for its clients. Using insights based on consumption, cost and carbon footprint data spanning thousands of utilities, hundreds of thousands of business sites and millions of households, Ecova provides fully managed, technology-optimized solutions for saving resources, which in turn increase returns, lower risks, and enhance reputations. Ecova is a subsidiary of Cofely, ENGIE Group.