Demonstrates Union Square Advisors’ extensive platform in providing comprehensive advisory services to leading investment firms and sector expertise in the proptech and utility management software sectors
On January 6, 2026, Union Square Advisors announced that it served as financial advisor to TPG, a leading global alternative asset management firm, in its majority stake investment in Conservice, a leading utility management platform for the property management industry.
Founded in 2000, Conservice provides mission-critical, tech-enabled utility management tools to property managers throughout the U.S. The Company’s integrated solutions streamline metering, billing, payment, procurement, and analytics workflows across nearly 8 million units nationwide, playing a critical role in linking operators with more than 20,000 utility providers.
Scott Hardy, CEO at Conservice stated, “Conservice’s utility management offering integrates fragmented workflows to drive better, faster, and more accurate utility administration for residential and commercial property managers. With deep tech-enabled expertise, we are confident TPG is the right partner to support the continued growth of the Conservice platform.”
“Over multiple decades, Conservice has developed a well-earned reputation as the leader in utility management as a result of its best-in-class team, expertise, and technology. Its solutions continue to drive the property management industry forward, optimizing workflows and providing the highest levels of accuracy and speed for property managers,” said Peter Munzig, Partner at TPG. “We are excited to have the opportunity to support Scott and the Conservice team in continuing to invest in the Company’s market-leading products, customer experience, and technology to drive accelerated growth for the business and its customers,” added John Flynn, Partner at TPG.
“Union Square Advisors is incredibly pleased to partner with the TPG team as we continue to expand our presence and influence in the PropTech space,” said Carter McClelland, Chairman at Union Square Advisors.
For more information, read the full press release here.
