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Ameresco acquires UK energy services provider

Energy efficiency and renewable energy company Ameresco, has announced that it has acquired the energy consultancy and energy project management business of Energyexcel LLP, an independent UK energy services provider.

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 providers of innovative energy management solutions, in June 2013.

“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 Ameresco executive vice president David J. Anderson.

Energyexcel’s efficiency and project management services aim to 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.

Terms of the acquisition were not disclosed. Ameresco does not anticipate the acquisition will have a material effect on its 2014 results, subject to finalisation of purchase accounting. The Company expects to provide a further update on its third quarter earnings conference call.

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