Conservice, LLC
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Conservice, LLC - overview
Established
2000
Location
River Heights, UT, US
Primary Industry
Software
About
Founded in 2000 by Dave Jenkins and based in Utah, US, Conservice, LLC operates as a software company that provides utility management software and billing solutions. In June 2016, TA Associates acquired Conservice, LLC from Kayne Anderson Capital Advisors. In December 2025, TPG Capital acquired a majority stake in Conservice, while Advent International retained a significant minority interest. Conservice offers a full suite of utility management services, including utility billing, sub-meter installation, expense recovery, vacant cost recovery, energy procurement, contract management, and sustainability solutions.
The company generates revenue through subscription-based utility management services, billing solutions, and ancillary services such as energy procurement and sustainability consulting. Following the TPG acquisition, Conservice plans to expand its technology capabilities, enhance customer experience, and scale operations across new markets. The focus will be on leveraging automation and analytics to deliver cost savings and sustainability benefits to clients.
Current Investors
Advent International, Kayne Anderson Capital Advisors, TA Associates
Primary Industry
Software
Sub Industries
Facilities & Maintenance Services, BPO Services, Education & Training Services, Power & Utilities, Analytics & Performance Software
Website
www.conservice.com/
Verticals
Cloud Computing
Total Amount Raised
Subscriber access only
Conservice, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Announced | Conservice, LLC | - | ||||||||
| Add-on, Trade Sale | Completed | Goby Inc. | - | ||||||||
| Secondary Buyout | Completed | Conservice, LLC | - | ||||||||
| Secondary Buyout | Completed | Conservice, LLC | - | ||||||||
| Growth | Completed | Conservice, LLC | - |
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Conservice, LLC - employee data
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