Ameresco Acquires LG&E Enertech

Published Date: 
Thu, 03/27/2003

Ameresco LogoFRAMINGHAM, MA -- Ameresco, Inc, one of the nation’s fastest growing energy services companies, today announced the acquisition of LG&E Enertech a former subsidiary of LG&E Energy (NYSE: EON). The acquisition is a stock purchase transaction.

“We are pleased to welcome Enertech into our growing corporate family,” said Ameresco Executive Vice President, David J. Anderson. “The company’s unparalleled track record and outstanding reputation as an energy services company bring with it a standard of excellence aligned with Ameresco’s mission and history.”

The acquisition is part of Ameresco’s national growth strategy that focuses on organic business growth as well as the acquisition of top-tier energy services companies throughout North America. This transaction establishes strong regional business for Ameresco in the Central Mountain Region.

Enertech’s products and services help customers reduce energy costs, manage risks and improve service reliability. Enertech enables companies to realize financial benefits up to a 25 to 30 percent reduction in current annual energy spending, greatly affecting the customer’s bottom line. Focusing on institutional, healthcare and government customers in the Central Mountain Region, Enertech offers a broad range of services to help customers, regardless of the status of deregulation.

Release Date: 3/27/2003