CMC Energy Services Acquires Competitive Resources Inc.
FT. WASHINGTON, Pa.—CMC Energy Services (CMC), a leader in the energy conservation industry since 1977, and a certified Women’s Business Enterprise, announced the acquisition of Yalesville, Conn.-based Competitive Resources Inc. (CRI). This merger will result in the integration of two highly successful and prominent energy services companies in the mid-Atlantic and New England markets.
“We are very excited about being able to expand our services to current and future clients,” said CMC President Eileen McGinnis. “We were looking for partners in the New England area since there is so much energy efficiency activity going on in that region. CRI turned out to be the perfect opportunity for us.
“This merger combines two strong and stellar regional entities into a single organization with a larger geographic footprint and greater depth in product and service offerings,” said Robert Kemper, president and CEO, CRI.
CMC provides in excess of 25,000 energy audits in New Jersey, New York and Pennsylvania. Its call center handles approximately 400,000 calls annually. To date, CMC has worked closely with major utilities and government agencies across the U.S. to provide energy audits to more than 350,000 residences and 50,000 commercial buildings. It employs more than 100 people, administering energy efficiency programs in Pennsylvania, New Jersey and New York state. CMC Energy’s client list includes PECO, an Exelon company; PGW, PSEG NJ and LI, NJ Natural Gas and First Energy.
CRI has offices in Connecticut and Massachusetts. CRI received its third consecutive ENERGY STAR Century Club Award from the U.S. Department of Energy. The company major client list includes Eversource, National Grid and United Illuminating.
“Customers inevitably wonder how a major merger will affect their relationship with a service provider,” said CMC Energy Chairwoman Mimi Iklé-Khalsa. “Our commitment to training and promoting above industry standards and our investments in improving our customer care capacity are just some of the advantages our clients will see and benefit from. It is the beginning of a more diversified, and even better CMC Energy Services.”