HVAC Breaking News

Sept. 9, 2014: Ameresco Acquires UK Energy Services Provider, Energyexcel

Ameresco Further Expands Its Energy Efficiency and Renewable Energy Solutions to International Customers

FRAMINGHAM, Mass., and CENTRAL LONDON, United Kingdom — Ameresco Inc., an energy efficiency and renewable energy company, announced that it has acquired the energy consultancy and energy project management business of Energyexcel LLP, an independent energy services provider in Central London, United Kingdom. With this acquisition, Ameresco adds to its presence in the UK and its commercial and industrial (C&I) customer base having purchased Energy Services Partnership (ESP), a UK provider of energy management solutions, in June 2013.

The two UK-based businesses, each a UK Energy Consultant Award recipient, provide complementary energy efficiency, supply management, and sustainability services. Ameresco said these two firms broaden its international expertise and service offerings for multi-national customers, and augment Ameresco’s team with seasoned energy industry professionals locally.

“We look forward to having the Energyexcel team join the Ameresco family, further supporting our commitment in the UK market and expanding our capabilities and value-added services to serve local and multi-national commercial, industrial, and manufacturing customers in North America and Europe,” said David J. Anderson, executive vice president, Ameresco. “Our acquisition of the Energyexcel business, combined with the capabilities of our recent acquisition of ESP, 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. The experience and capabilities of these award-winning organizations allows Ameresco to advance its geographic expansion abroad while increasing our business in the C&I space.”

Energyexcel’s efficiency and project management services help C&I customers improve performance of existing energy systems, introduce new energy-efficient technologies and onsite generation, institute energy monitoring and targeting (M&T), reduce carbon emissions and track sustainability initiatives, comply with energy and climate change requirements, and realize energy cost savings to improve business performance. Some current Energyexcel customers include a large UK-based pharmaceutical company, four of the five largest supermarket chains in the UK, and a multinational chocolate bar manufacturer.

“The whole team at Energyexcel is excited by the opportunities presented by joining forces with Ameresco,” said Tony Coleman, MA MSc CEng MEI MInstR, managing director, Energyexcel. “We look forward to working with the Ameresco team to deliver greater value to our clients by widening the scope and capacity of the service we can offer. We believe that this deal is good news for our clients and our staff.”

Coleman continued, “As a management team we are impressed by the immediate understanding that Ameresco has demonstrated of our business and our competitive position. We are also impressed by the enthusiasm that they have to help us grow the combined UK business to become a prevailing force this side of the Atlantic as Ameresco is in the U.S.”

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.

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