Harris Williams & Co. Advises Pinnacle West Capital Corporation in its Sale of APS Energy Services
August 25 2011 - 1:29PM
Business Wire
Harris Williams & Co., premier middle market investment
bank, announces the sale of APS Energy Services, a full-service
energy service company, from Pinnacle West Capital Corporation
(NYSE:PNW) to Ameresco, Inc. (NYSE:AMRC), a leading energy
efficiency and renewable energy company. Harris Williams & Co.
acted as the exclusive advisor to Pinnacle West. The transaction
was led by Brian Lucas, Luke Semple and Tiff Armstrong from the
firm’s Energy & Power Group.
“The acquisition is a great example of the strength of M&A
activity in the energy efficiency sector,” said Brian Lucas, a
director in Harris Williams & Co.’s Energy & Power Group.
“Energy efficiency remains the most practical and cost-effective
solution for reducing energy consumption, lowering energy costs,
and addressing environmental concerns and we continue to see strong
demand for companies delivering energy efficiency solutions. The
sale is our fourth recent transaction in the energy efficiency
sector."
Pinnacle West Capital Corporation, an energy holding company
based in Phoenix, AZ has consolidated assets of about $12.3
billion, more than 6,300 megawatts of generating capacity and about
6,700 employees in Arizona and New Mexico. Through its principal
subsidiary, Arizona Public Service, PNW provides retail electricity
service to more than 1.1 million Arizona homes and businesses.
Harris Williams & Co. (www.harriswilliams.com), a member of
The PNC Financial Services Group, Inc. (NYSE:PNC), is the premier
middle market advisor with a two-decade legacy of sell side
excellence serving clients worldwide. The firm is
focused exclusively on the middle market providing sell
side and acquisition advisory, restructuring advisory,
board advisory, private placements and capital markets advisory
services.
The firm’s Energy & Power Group has experience across a
broad range of sectors, including energy efficiency &
cleantech, industrial & infrastructure services, oil & gas
products and services, power equipment and services, engineering
& construction and environmental services. For more
information, please contact Brian Lucas, Luke Semple or Tiff
Armstrong at +1 (804) 648-0072.
Investment banking services are provided by Harris Williams LLC,
a registered broker-dealer and member of FINRA and SIPC, and Harris
Williams & Co. Ltd, an Appointed Representative of Sturgeon
Ventures LLP, which is authorised and regulated by the Financial
Services Authority. Harris Williams & Co. is a trade name under
which Harris Williams LLC and Harris Williams & Co. Ltd conduct
business in the U.S. and Europe, respectively.
For general release inquiries, please contact Kimberly Baker,
marketing director, at +1 (804) 648-0072.
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