About PROENERGY
PROENERGY is a company based in Missouri City (United States) founded in 2002 by Jeff Canon was acquired by ECP in September 2024. It operates as a Managed Services, and Product-as-a-Service. The company has 398 employees as of December 31, 2021. PROENERGY offers products and services including AeroAdvantage, PowerFLX, and Sustainability Solutions.
- Headquarter Missouri City, United States
- Employees 398 as on 31 Dec, 2021
- Founders Jeff Canon
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Proenergy, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Energy Capital Partners
& 2 more
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Employee Count
398
as on Dec 31, 2021
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Acquired by
ECP
(Sep 05, 2024)
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Products & Services of PROENERGY
PROENERGY offers a comprehensive portfolio of products and services, including AeroAdvantage, PowerFLX, and Sustainability Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Aeroderivative turbine services are provided for global fleets.
Turnkey generation facilities are built with standardized packages.
Energy security and decarbonization solutions are actively supported.
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Funding Insights of PROENERGY
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2012 | Amount | Private Equity Round - PROENERGY | Valuation | ACON Investments , Eos Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PROENERGY
PROENERGY has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Energy Capital Partners, ACON Investments and Eos. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Investment potential is unlocked by Eos through strategic financial solutions.
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Founded Year | Domain | Location | |
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Energy Capital Partners is focused on energy transition infrastructure investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PROENERGY
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PROENERGY
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Proenergy Comparisons
Competitors of PROENERGY
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about PROENERGY
When was PROENERGY founded?
PROENERGY was founded in 2002 and raised its 1st funding round 10 years after it was founded.
Where is PROENERGY located?
PROENERGY is headquartered in Missouri City, United States. It is registered at Missouri City, Texas, United States.
Who is the current CEO of PROENERGY?
Jeff Canon is the current CEO of PROENERGY. They have also founded this company.
How many employees does PROENERGY have?
As of Dec 31, 2021, the latest employee count at PROENERGY is 398.
What does PROENERGY do?
PROENERGY is involved in providing vertically integrated aeroderivative solutions for the energy transition. Services are offered for global LM6000 and LM2500 fleets through life-of-turbine maintenance, manufacturing, and RD. Turnkey power generation facilities are built with standardized packages under the PowerFLX brand. A focus is placed on sustainability, with efforts directed toward energy security and decarbonization. Advanced monitoring, predictive solutions, and alternative fuel research are also pursued to support renewable energy integration and enhance operational efficiency.
What products or services does PROENERGY offer?
PROENERGY offers AeroAdvantage, PowerFLX, and Sustainability Solutions.
Who are PROENERGY's investors?
PROENERGY has 3 investors. Key investors include Energy Capital Partners, ACON Investments, and Eos.