Ameresco Acquires Energy Manager-Consulting Business of Energyexcel
August 18,2014
Ameresco, Inc. announced today that it has acquired the energy consultancy and energy project management business of Energyexcel LLP, an independent energy services provider located in Central London, United Kingdom.
With this acquisition, Ameresco adds to its local presence in the UK and commercial and industrial (C&I) customer base having purchased Energy Services Partnership (ESP), one of the UK's leading providers of innovative energy management solutions, in June 2013.
Ameresco said that the acquisition allows Ameresco to provide a comprehensive range of energy efficiency, renewable energy solutions and intelligent energy management services, addressing both sides of the customers' meter, including energy supply, demand response, real-time energy data information and analytics, and utility invoice management.
Terms of the acquisition were not disclosed. Ameresco does not anticipate the acquisition will have a material effect on its 2014 results, subject to finalization of purchase accounting.