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October 28 2025

KippsDeSanto & Co. advises Powerley on its sale to Convey, a portfolio company of OceanSound Partners and Energy Impact Partners

KippsDeSanto & Co. is pleased to announce the sale of Powerley (or the “Company”) to Convey, a portfolio company of OceanSound Partners and Energy Impact Partners.

Headquartered in Detroit, MI, Powerley is a market-leading SaaS provider and pioneer in AI-powered home energy management and customer experience tools for utilities. The Company’s platform provides real-time and appliance-level insights and recommendations that allow consumers to better understand, manage, and reduce their energy consumption. Recently, the Company launched BillWiseAI, an intelligent bill analysis tool that helps customers and customer service representatives better understand energy usage, forecast high bills, and receive personalized savings recommendations. This AI-powered tool enables utilities to anticipate customer needs during usage spikes, rate changes, and billing issues.

This acquisition combines Powerley’s advanced energy analytics and AI-powered insights with Convey’s robust customer communication platform to deliver the full spectrum of utility customer engagement, from actionable at-home energy intelligence to automated, compliant communication. Additionally, it strengthens Convey's leadership position in intelligent customer engagement and further enhances its standing as a trusted innovation partner with the largest utilities across North America. We believe this transaction highlights several key themes in the software M&A market:

• Significant market demand for vertical-focused software providers with solutions that are purpose-built to address industry and customer-specific requirements, drive digital transformation, and enhance customer experience and engagement

• Accelerating investment and M&A activity in the utility technology and software segment, particularly in AI, energy analytics, and customer engagement as consumer energy prices and bills have skyrocketed driving an imminent energy affordability crisis

• Robust financial sponsor activity with existing and newly funded platforms, creating the next crop of acquirers that are driving M&A activity as the appetite for add-on acquisitions with highly differentiated technology and marquee customer relationships increases

About KippsDeSanto & Co.

KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity, and industry experience. We help market leaders realize their full strategic value. Having advised on over 200 industry transactions since 2008, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.

Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency.

KippsDeSanto & Co. is pleased to announce the sale of Powerley (or the “Company”) to Convey, a portfolio company of OceanSound Partners and Energy Impact Partners.

Headquartered in Detroit, MI, Powerley is a market-leading SaaS provider and pioneer in AI-powered home energy management and customer experience tools for utilities. The Company’s platform provides real-time and appliance-level insights and recommendations that allow consumers to better understand, manage, and reduce their energy consumption. Recently, the Company launched BillWiseAI, an intelligent bill analysis tool that helps customers and customer service representatives better understand energy usage, forecast high bills, and receive personalized savings recommendations. This AI-powered tool enables utilities to anticipate customer needs during usage spikes, rate changes, and billing issues.

This acquisition combines Powerley’s advanced energy analytics and AI-powered insights with Convey’s robust customer communication platform to deliver the full spectrum of utility customer engagement, from actionable at-home energy intelligence to automated, compliant communication. Additionally, it strengthens Convey's leadership position in intelligent customer engagement and further enhances its standing as a trusted innovation partner with the largest utilities across North America. We believe this transaction highlights several key themes in the software M&A market:

• Significant market demand for vertical-focused software providers with solutions that are purpose-built to address industry and customer-specific requirements, drive digital transformation, and enhance customer experience and engagement

• Accelerating investment and M&A activity in the utility technology and software segment, particularly in AI, energy analytics, and customer engagement as consumer energy prices and bills have skyrocketed driving an imminent energy affordability crisis

• Robust financial sponsor activity with existing and newly funded platforms, creating the next crop of acquirers that are driving M&A activity as the appetite for add-on acquisitions with highly differentiated technology and marquee customer relationships increases

About KippsDeSanto & Co.

KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity, and industry experience. We help market leaders realize their full strategic value. Having advised on over 200 industry transactions since 2008, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.

Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency.