The Riverside Company to acquire Montel.

The Riverside Company, a private equity investor, agreed to acquire Montel, a provider of energy and electricity market information. Financial terms were not disclosed. “This acquisition resonates well with our investment strategy. Montel is truly a ‘little leader’ in the energy information market, and we believe it’s perfectly positioned to benefit from the shift from fossil fuels to renewable power sources in many parts of the economy. We are delighted to be investing alongside the founder and managers, who will remain with the business and continue to play an integral role in the growth of the company over the coming years,” Karsten Langer, Riverside Europe Managing Partner.