BV-backed Resource Innovations completed the acquisition of Nexant.

BV Investment Partners-backed Resource Innovations, an energy consulting firm, completed the acquisition of Nexant, a provider of software and consulting services. Financial terms were not disclosed. "This transaction represents an opportunity for BV to leverage our traditional theme-driven thesis of partnering with founders into the outsourced energy efficiency software and services sector with tremendous long-term potential as clean and sustainable energy investments grow rapidly. By supporting the newly-combined company we can build the company's presence in the demand response market and other sectors, including distributed energy resources and electrification. We're thrilled to work with Lauren and her team to accelerate innovation in this dynamic industry and we couldn't be more supportive of Lauren's vision for the new, combined company, which is poised for growth," Justin Harrison, BV Managing Partner.