Ameresco, Inc. Completes Acquisition of Maximum Solar
January 16 2019 - 2:00PM
Business Wire
Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and
renewable energy company, today announced that it has acquired
Maximum Solar, a Massachusetts based firm that specializes in solar
operations and maintenance. With this acquisition, Ameresco will
expand its operations and maintenance services to owners of
commercial-scale photovoltaic solar facilities.
“A well-designed and properly executed maintenance program can
be a crucial element to long-term energy system performance and
production,” said Pete Christakis, Vice President Construction
& Operations of Ameresco.
As part of this acquisition, Ameresco will further develop its
in-house services to operate and maintain solar facilities,
enhancing existing capabilities while using the latest
technologies.
“Our mission is to maximize our clients’ returns by minimizing
the downtime on their installations,” said Brett Chapman, President
of Maximum Solar. “We are thrilled to continue to provide
best-in-class O&M services as part of the Ameresco team.”
Financial terms of the transaction are undisclosed, though
Ameresco does not anticipate that the acquisition will have a
material impact on the financial results of the company.
About Maximum Solar
Maximum Solar currently manages over 150 megawatts of solar
facilities throughout the northeastern United States. Clients range
from large utilities to owners of single, 100 kilowatt systems.
Services we provide include complete O&M contracts, remote
monitoring, facility reporting, electrical testing, inspections,
trouble-shooting and repair, shading analysis, aerial and ground
based thermal imaging, preventative maintenance, and complete site
maintenance. Site maintenance includes mowing and trimming, shade
mitigation, site work, road grading, erosion control, planting,
spraying, snow removal and snow plowing.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading
independent provider of comprehensive services, energy efficiency,
infrastructure upgrades, asset sustainability and renewable energy
solutions for businesses and organizations throughout North America
and Europe. Ameresco’s sustainability services include upgrades to
a facility’s energy infrastructure and the development,
construction and operation of renewable energy plants. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190116005652/en/
Ameresco: Rhea Hickok, 502.420.1971, news@ameresco.com
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Apr 2023 to Apr 2024