TPG to acquire a majority stake in Conservice.

TPG, a global alternative asset management firm, agreed to acquire a majority stake in Conservice, a provider of utility management software and billing solutions to property owners and managers. Financial terms are not disclosed. “Conservice’s utility management offering integrates fragmented workflows to drive better, faster, and more accurate utility administration for residential and commercial property managers. With deep tech-enabled expertise, we are confident TPG is the right partner to support the continued growth of the Conservice platform. We look forward to building on the success we’ve achieved with Advent and TA as we continue to deliver superior solutions for the entire property management industry,” Scott Hardy, Conservice CEO.