TIAA-backed Nuveen completed the acquisition of a majority stake in Ally Energy Solutions.

TIAA-backed Nuveen, an American asset management company, completed the acquisition of a majority stake in Ally Energy Solutions, a provider of turnkey energy management solutions. Financial terms were not disclosed. "Our national implementation capability has positioned Ally as a preferred long term execution partner for Fortune 500 clients seeking scalable, multi-site energy upgrades. Nuveen's investment will accelerate our next phase of growth and impact, helping us expand our reach and deepen our ability to deliver measurable operating cost and emissions reductions for clients nationwide," Brian Walterbach, Ally Energy Solutions CEO.