Transition
Transition is a company.
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Financial History
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Leadership Team
Key people at Transition.
Transition is a company.
Key people at Transition.
Transition Equity Partners (TEP) is an investment firm specializing in growth equity and control buyout opportunities within the energy transition sector. Its mission centers on facilitating the shift to low-carbon, reliable, and cost-efficient energy infrastructure in North America through strategic investments in renewable energy, decarbonization infrastructure, and clean energy supply chains.[5] TEP's investment philosophy emphasizes partnering with strong management teams to deploy capital into high-impact projects that reduce carbon intensity, leveraging over $2 billion in prior energy investments by its team.[5] Key sectors include renewable energy, decarbonization infrastructure, and clean energy supply chain, positioning TEP to capitalize on the multi-decade decarbonization of North America's energy economy.[5]
Founded by Pat Eilers, TEP draws from over 20 years of leadership in sustainable energy investments dating back to 2000. Eilers pioneered projects like wind farms on Oahu’s North Shore and clean-burning natural gas plants for New York City, building an extensive U.S. network in the process.[5] The firm's focus evolved from these hands-on experiences into a dedicated strategy for the energy transition, with current investments stemming from longstanding relationships and a track record of deploying transformative capital alongside industry-leading teams.[5]
TEP rides the global energy transition trend, where trillions in capital are needed to decarbonize North America's energy sector amid rising demand for reliable low-carbon infrastructure.[5] Timing is ideal as policy shifts, technological advances in renewables, and supply chain localization accelerate post-2020 momentum, with market forces like carbon pricing and grid modernization favoring specialized investors.[5] By funding developers and projects, TEP influences the ecosystem through proprietary investments that bridge financing gaps, support supply chains, and enable faster deployment of clean energy solutions.[5]
TEP is poised to expand its portfolio amid surging demand for energy transition capital, potentially scaling beyond $2 billion in deployments as AI-driven power needs and electrification amplify opportunities in renewables and infrastructure.[5] Trends like advanced battery storage, hydrogen infrastructure, and resilient grids will shape its path, enhancing its role in proprietary deals. As decarbonization accelerates, TEP's influence could grow through larger buyouts and partnerships, solidifying its position in building North America's cleaner energy future—echoing its origins in pioneering sustainable projects.[5]
Key people at Transition.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 11, 2026 | OLIX | $220.0M Series A | Hummingbird Ventures | Crane Venture Partners, Entrepreneurs First, Fundomo, LocalGlobe, Plural Platform, Vertex Ventures |
