CLEVELAND, OHIO – May 7, 2025 – TPI Efficiency (“TPI”), a market leading energy brokerage and sustainability consulting firm headquartered in Cleveland, Ohio and portfolio company of ScaleCo Capital, is proud to announce its acquisition of The Utilities Group (“TUG”), a trusted energy management and sustainability consulting company headquartered in Cincinnati, Ohio.
This strategic acquisition represents a significant step forward in TPI Efficiency’s mission to expand its footprint, enhance its service offerings, and deliver unparalleled value to clients seeking energy optimization and sustainability solutions. Bringing TUG’s Southwest Ohio market presence together with TPI’s operating history in Northeast Ohio allows the combined companies to be a premier provider of energy efficiency and sustainability within the state. The combined entity looks forward to providing efficiency services to TUG’s existing customers and new customers in the Cincinnati and Dayton markets. Michael Catanzaro, President of TUG will remain on as President and oversee the company’s Southwest Ohio operations.
“We are proud of the relationships we’ve built and the trust our clients have placed in us over the years”, said Jennifer Kist & Michael Catanzaro, CEO & President of The Utilities Group (respectively). “This acquisition strengthens our ability to deliver long-term energy savings and strategic guidance while supporting the growing demand for sustainability-focused services.”
“By joining forces with TUG, we’re creating a stronger, more adaptive company built for today’s energy challenges” said Vin Zachariah, Chief Executive Officer of TPI Efficiency. “Our combined expertise in procurement and sustainability uniquely positions us to deliver smarter and more cost-effective energy solutions across Ohio and beyond.”
“The U.S. electricity market is evolving faster than ever, with near-daily headlines about price volatility, grid reliability, and the transition to cleaner energy — and that’s especially true in Ohio,” said ScaleCo Managing Partner, Dave Jacob. “TUG has a long history of delivering customer-centric solutions that empower Ohio businesses to plan ahead, adapt to market uncertainties, and manage their energy strategies with confidence.”
Please contact Angela Ruggeri, Senior Director of Marketing and Sales Operations at angela.ruggeri@tpiefficiency.com with any media inquiries.
About The Utilities Group
Established in 1999, The Utilities Group is a trusted energy management and sustainability consulting firm based in Cincinnati, Ohio. The company provides tailored energy solutions to clients across multiple industries, helping them reduce costs and achieve energy efficiency goals. For more information, visit www.theutilitiesgroup.com.
About ScaleCo Capital
ScaleCo Capital is a Cleveland-based private equity firm specializing in partnering with middle-market companies to drive growth and create long-term value. With a focus on operational excellence and strategic investment, ScaleCo empowers businesses to scale, innovate, and achieve their full potential. For more information, visit www.scaleco.com.
About TPI
TPI Efficiency is a vendor-neutral energy consulting firm that delivers comprehensive energy management and sustainability solutions. We offer expertise in renewable energy consulting, energy efficiency services, energy procurement, and sustainability planning. With access to over 150 suppliers, TPI helps organizations reduce operating costs, improve energy efficiency, and achieve environmental goals through tailored strategies and objective advice. For more information, visit www.tpiefficiency.com