Ameresco Announces Acquisition of Plug Smart, Expanding Smart Buildings and Controls Expertise
07 Décembre 2021 - 1:35PM
Business Wire
Addition of energy services company adds to
Ameresco’s clean-energy pipeline and expands Smart Buildings and
Controls offerings.
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator
specializing in energy efficiency and renewable energy, today
announced that it has acquired Plug Smart, an Ohio-based energy
services company that specializes in the development and
implementation of budget neutral capital improvement projects
including building controls and building automation systems. With
this acquisition, Ameresco expands its existing pipeline and
solution offerings in the smart buildings sector.
Plug Smart was formed in 2008 and has been providing smart
building solutions through a customer-focused approach for the
government, university, school, healthcare and commercial markets
with a strong regional presence in Ohio, Michigan, Kentucky,
Tennessee, Pennsylvania and Florida. Through a customer-focused
approach, Plug Smart has specialized in creating budget neutral
funding opportunities for customers along with providing them with
insights into pricing and ROI before, during and after project
implementation. Plug Smart’s proven experience in building controls
and smart building solutions compliments Ameresco’s approach to
customizing energy solutions to best-fit our customer’s needs.
“Mergers and acquisitions continue to be an important component
to our growth strategy, and we are thrilled to welcome Plug Smart
into the Ameresco family. With the addition of the Plug Smart
team’s capabilities, we will be better equipped to implement
cutting-edge smart building technologies,” said George Sakellaris,
President and CEO, Ameresco. “We are excited to collaborate and
continue to expand our market share with the addition of this
proven team with deep technical expertise.”
“We founded and built Plug Smart to serve customers with an
unbiased approach towards energy efficiency and open architecture
building automation and controls solutions,” said Rich Housh,
founder and former CEO, Plug Smart. “Ameresco shares our passion
for customer service while providing greater depth and breadth of
complementary expertise that we can now offer our customers.” Mr.
Housh will continue as a consultant with Ameresco after the
transaction.
The Plug Smart team will join Ameresco’s employee base of over
1,000 people and will directly benefit from the ability to conduct
projects across a broad solution portfolio, leveraging Ameresco’s
capabilities in street lighting, solar PV arrays, battery energy
storage systems, microgrids and more. The integration of smart
building solution expertise directly serves Ameresco’s vision of
offering tailored and innovative energy solutions to customers
while growing expertise through expanding their teams of deep
technical specialists.
“The integration of deep expertise from the Plug Smart team will
provide extensive benefit to both our current customers and the
next evolution of Ameresco’s smart building solutions offerings,”
said Lou Maltezos, Executive Vice President, Ameresco. “Our
complimentary approach to customer-first, best-in-class solution
configuration make this a win-win for both companies.”
“I’m very excited to continue leading the Plug Smart team as
part of Ameresco,” said Dave Zehala, former President of Plug
Smart, now Vice President and General Manager of Smart Building
Solutions at Ameresco. “By joining with a recognized leader in the
energy services space we can take the business to the next level
and provide more comprehensive and innovative smart building
solutions to the market.”
Financial terms of the transaction are undisclosed, though
Ameresco does not anticipate that the acquisition will have a
material impact on the 2021 financial results of the company.
To learn more about Ameresco and the company’s clean energy
solutions, visit www.ameresco.com.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading
cleantech integrator and renewable energy asset developer, owner
and operator. Our comprehensive portfolio includes energy
efficiency, infrastructure upgrades, asset sustainability and
renewable energy solutions delivered to customers throughout North
America and the United Kingdom. In support of our customers pursuit
of Net Zero, our sustainability services include upgrades to a
facility’s energy infrastructure and the development, construction,
and operation of distributed energy resources. Ameresco has
successfully completed energy saving, environmentally responsible
projects with Federal, state and local governments, healthcare and
educational institutions, housing authorities, and commercial and
industrial customers. With its corporate headquarters in
Framingham, MA, Ameresco has more than 1,000 employees providing
local expertise in the United States, Canada, and the United
Kingdom. For more information, visit www.ameresco.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211207005404/en/
Media: Ameresco: Leila Dillon, 508-661-2264,
news@ameresco.com
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