Ameresco Acquires TerraNavigator, LLC to Expand Its Pipeline of Renewable Energy Assets
Ameresco, Inc. (NYSE:AMRC), a leading
energy efficiency and
renewable energy company, today announced that it has acquired TerraNavigator, LLC, a California-based firm that specializes in
the origination and development of solar assets on environmentally-impacted sites throughout the country. With this acquisition,
Ameresco will expand its pipeline of potential renewable energy projects with a focus on converting these project opportunities
into operating assets that the company will own and operate.
“We are excited to bring TerraNavigator into the Ameresco family,” said Lou Maltezos, EVP of Ameresco. “In addition to their
pipeline of project opportunities, the TerraNavigator team brings experience and knowledge in the renewable energy industry that
adds to our existing expertise and represents an ideal fit with Ameresco’s strategy. We look forward to advancing our footprint and
capabilities in California and the Central and Northwest U.S.A. as we continue to execute on the Company’s strategy in the
distributed energy resource space.”
As part of the transaction, Ruben Fontes, formerly CEO of TerraNavigator, has joined Ameresco as Senior Vice President, Large
Scale Distributed Energy Resources. “Our team could not be more pleased by this partnership,” said Fontes. “We look forward to
integrating our platform seamlessly into the Ameresco suite of value-driving, customer-focused solutions that are focused on and
guided by clean energy and sustainability.”
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.
Kate Cronin
508.661.2288
news@ameresco.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20181130005315/en/