Comverge and Constellation signed an agreement to combine their demand response businesses serving commercial and industrial (C&I) customers. The combined business will be operated as a new standalone company independent from Comverge and Constellation and will focus on delivering a full spectrum of demand response offerings to C&I customers across the United States. The merged enterprise will become one of the largest demand response companies in the industry. H.I.G. Capital will hold a majority ownership interest in the new company, and Constellation will retain a minority ownership interest. After the close of the transaction, Constellation will continue to promote demand response services to its power and gas customers through the new company.
