HVAC Breaking News

March 7, 2013: Ameresco Acquires Substantially All Assets of Ennovate

FRAMINGHAM, Mass., and DENVER — Ameresco Inc. announced that it has completed the purchase of substantially all of the assets of Ennovate Corp., an energy service company active throughout Colorado, Montana, Nebraska, and Wyoming. Terms of the transaction were not disclosed.

Ameresco provides comprehensive energy services including energy savings performance contracts, energy supply and risk management, energy infrastructure services, renewable energy and carbon management, and more. Ennovate is an energy engineering firm providing performance contracting, energy engineering, facility infrastructure improvements, and other services. Ennovate is currently serving customers that include schools, higher education facilities, municipalities, and counties.

“We are delighted the acquisition of Ennovate has been completed, and we are happy to have the team join the Ameresco family,” said George P. Sakellaris, president and chief executive officer, Ameresco. “Ennovate’s industry experience and strong customer commitment closely aligns with Ameresco’s. With the additional talent and resources in our Central Region, we not only increase our footprint and penetration in the Rocky Mountain area, but continue to focus on delivering outstanding results and innovative, energy-saving solutions for our customers while welcoming all of those joining us through Ennovate.”

“The entire Ennovate team is very excited to be part of the Ameresco family,” said Jeff Schuster, president, Ennovate Corp. “The synergies between the companies are remarkable and will offer incomparable value to both existing and future clients. We have great expectations for introducing our building commissioning and engineering services to Ameresco’s customers and Ameresco’s renewable energy services to our customers.”

“It is a pleasure to welcome Jeff Schuster, president of Ennovate, and his organization to Ameresco’s Central Region,” said Louis P. Maltezos, executive vice president and general manager, Central Region, Ameresco. “In his new role as Ameresco vice president of the newly combined Ameresco/Ennovate Regional Office, I look forward to Jeff’s continued leadership and commitment in expanding the customer base and serving customers.”

The Ameresco and Ennovate Colorado offices will be combined at the current Ennovate location in Aurora, Colo., and operating together as Ameresco, the team will be responsible for leading Ameresco’s efforts in the Rocky Mountain region of the United States.

For more information, visit www.ameresco.com.

Publication date: 3/4/2013

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