FARMINGTON, Conn. - Carrier Corp., a unit of United Technologies Corp. acquired Noresco, a leading independent energy services company. The acquisition was completed on Nov. 20. Terms of the deal were not disclosed.
Established in 1984, Noresco has implemented thousands of
efficiency and infrastructure upgrade projects that reduced energy and water
consumption and lowered operating expenses for a wide range of customers
including federal, state, and municipal agencies; educational institutions;
hospitals; utilities; and commercial and industrial facilities. Noresco is
headquartered in Westborough, Mass., and has 20 offices in the United States.
“Noresco complements the depth and breadth of Carrier’s
portfolio and is an integral part of our strategy to offer sustainable,
comprehensive, end-to-end building solutions,” said Kelly Romano, president,
Carrier Building Systems and Services. “We are able to offer our customers
sustainable products, services and solutions that lower total cost of ownership
and deliver high-performance buildings.”
According to a company spokesperson, the acquisition of
Noresco adds to Carrier’s commitment to environmental leadership and further
reinforces why Carrier is the only air-conditioning systems manufacturer to be
named an Environmental Protection Agency Climate Leader.
“Carrier greatly admires Noresco,” said Erv Lauterbach,
president, Carrier Building Systems and Services North America Field
Operations. “As a founding company in the energy solutions sector with strong
customer relationships, we are pleased to have the employees of Noresco become
part of the Carrier team, and look forward to serving customers with a more
comprehensive solutions offering.”
Neil Petchers, president and CEO, Noresco, said, “Carrier’s
acquisition of Noresco will allow us to expand our customer base as well as
deliver increased value to our customers.”
For more information, visit www.carrier.com.
Carrier Acquires Noresco, Expands Capabilities
December 1, 2008