Patriot Energy Group, Inc.

Patriot Energy Group, Inc. specializes in innovative energy solutions, focusing on optimizing energy management and reducing operational costs across various industries through advanced data analytics and energy management systems. Patriot Energy Group, Inc. , founded in 2002 and headquartered in Burlington, US, provides energy management solutions to help businesses optimize their energy usage.

The company was acquired by Emex, LLC in June 2019, with equity co-investments from Ocean Avenue Capital Partners and Tree Line Capital Partners. The firm has completed 1 deal since its inception, demonstrating its growth and adaptability in the energy sector. Mantis Innovation, formerly known as Patriot Energy, specializes in providing innovative energy solutions designed to optimize energy management and reduce operational costs for various industries. Their core product offerings center around advanced data analytics platforms and energy management systems, enabling clients to monitor, analyze, and control energy consumption effectively.

These products address critical use cases such as energy efficiency, cost reduction, and sustainability for businesses in sectors like manufacturing, commercial real estate, and utilities. Mantis Innovation serves a diverse clientele, including large enterprises and government organizations across North America and select regions in Europe, tailoring solutions to meet specific energy challenges. Mantis Innovation generates revenue through a structured approach that includes both direct sales and subscription-based models. Their flagship energy management systems are offered via a subscription plan, providing clients access to advanced features and ongoing support while ensuring predictable revenue streams.

Transactions typically involve B2B engagements where clients pay for software licenses and related services that enhance their energy management capabilities. Additional revenue may derive from partnerships with energy service companies integrating Mantis Innovation's technology into their offerings. This multi-faceted revenue model supports the company’s growth while delivering value to clients seeking to improve energy efficiency and reduce costs. Following the acquisition in June 2019, Mantis Innovation plans to expand its product offerings and enter new markets.

The company aims to introduce new energy management products designed to enhance sustainability and reduce costs by 2022. Targeted markets for expansion include opportunities in Europe and other regions, aiming to leverage recent investments to foster growth in these areas. The funding received in the acquisition supports the strategy to enhance product development and broaden their market reach.