ESG data management and building intelligence provider, InSite, acquires SOL VISTA. As a portfolio company of private equity firm GEF Capital, a global private equity firm focused on making investments that positively impact climate change, InSite is now positioned to further serve the needs of hospitality property leaders in addition to their established leadership in the markets of commercial real estate, healthcare, and government.
WASHINGTON, Oct. 17, 2022 /PRNewswire-PRWeb/ -- InSite, a leading building intelligence and ESG data management solutions technology platform for commercial real estate, healthcare, and government, today announced the acquisition of SOL VISTA, LLC, a firm specialized in reducing energy consumption and greenhouse gas emissions for facilities in the hospitality industry. InSite is a portfolio company of private equity firm GEF Capital Partners (GEF Capital), a global private equity firm focused on making investments that positively impact climate change. The acquisition strengthens InSite's market position as a leader in building intelligence for a wide range of property types amidst a critical mark in global energy efficiency and ESG (Environmental, Social, and Governance) efforts.
SOL VISTA provides data monitoring and building optimization solutions for hundreds of properties across the U.S., including many of the most well-known hotel brands. Skywalk®, SOL VISTA's digital intelligence platform, aggregates building operations data and features integrations to sustainability and compliance platforms such as Hilton LightStay® and Marriott MESH®. The InSite and SOL VISTA client, partner, and investor ecosystems will experience the added value of real-time systems, energy optimization, and ESG reporting afforded by the integration of Skywalk and InSite SaaS platforms.
"Having recognized an increased, nationwide focus on environmental justice and sustainability, we are excited to join forces with InSite, who shares our passion for helping entities meet their ESG goals," stated Shannon Sentman, CEO of SOL VISTA. "SOL VISTA will continue to provide the excellent products and services our clients have come to depend on and we look forward to offering them new opportunities to gain greater efficiencies as part of the InSite team."
"We're excited to extend our hospitality offerings with SOL VISTA's solutions and market knowledge," adds Francis Gangemi, President of InSite. "This acquisition exemplifies our commitment to furthering energy efficiency and ESG efforts embraced by building leaders into the hospitality market."
"Combining InSite and SOL VISTA bolsters our commitment to reduce and manage climate risk," said Stuart Barkoff, a founder and Managing Partner of GEF Capital. "For a market that consumes 30-40% of energy in the world, it is imperative for the real estate industry to embrace ESG solutions like InSite and SOL VISTA provide."
About InSite
InSite is a premier business intelligence solution for commercial property owners and operators, backed by GEF Capital Partners. InSite's software as a service (SaaS) platform and managed services provide innovative, data-driven analytics enabling clients to achieve ESG and sustainability goals, improve building performance, and reduce operating costs. For more information visit insiteintelligence.com.
About SOL VISTA
SOL VISTA reduces utility spend for commercial buildings and entire hospitality portfolios. Offering simple and innovative solutions that increase energy and water efficiency, SOL VISTA partners with clients to facilitate swift profit recognition by creating sustainable efficiencies leveraging technologies and expert building services. For more information visit solvista.com.
About GEF Capital Partners
GEF Capital Partners is a global private equity firm that was established in March 2018 following a collaborative spinout from Global Environment Fund, an early pioneer in global sustainability and environmental investing. With offices in the United States, India, and Brazil, and investments spanning the clean energy, energy efficiency, waste, water, and resource efficiency sectors, GEF Capital invests in companies that have developed solutions to help address climate change and pollution mitigation. By partnering with management teams that operate in high-growth markets, GEF Capital brings a value-added approach to its investments to grow companies and ensure a more sustainable future. For more information visit gefcapital.com.
Media Contact
Emily Nardone, Director of Marketing, InSite, 1 7034077773, [email protected]
SOURCE InSite
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