Ameresco Acquires Chelsea Group Limited to Expand Commercial, Retail, and Industrial Services in Hawaii
07 September 2018 - 1:00AM
Business Wire
Chelsea Group Limited is widely recognized for
its thought leadership in sustainable, high-performance buildings
in Hawaii
Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and
renewable energy company announced today that it has acquired
Chelsea Group Limited (“Chelsea Group”) a Hawaii-based building
science and design engineering consulting firm specializing in
preserving and enhancing the mechanical infrastructure of
commercial, institutional, retail and industrial facilities. With
this acquisition, Ameresco further expands its addressable customer
base and energy solutions offerings in Hawaii.
“Chelsea Group is an exciting addition to the Ameresco family,
and together we will expand Ameresco’s capabilities in serving
Hawaii customers in the commercial, healthcare, industrial, retail
and residential sectors,” said Louis P. Maltezos, Executive Vice
President, Ameresco. “With this acquisition, Ameresco gains local,
award-winning expertise that will help us serve increasing
opportunities for sustainable buildings and infrastructure
throughout Hawaii.”
“We are excited to join Ameresco and expand upon our mutual
strengths to offer additional and innovative value to Ameresco’s
customers in Hawaii,” said George Benda, Chairman and Chief
Executive Officer, Chelsea Group Limited. “For more than 25 years,
our building scientists and engineers have solved complex building
and energy challenges. This is a great next step in advancing our
design and engineering offerings in Hawaii.”
Chelsea Group specializes in engineering services, building
science, and asset value. The company’s services include design
engineering, commissioning, project management, construction
management and ongoing services. Chelsea Group engineers
conduct detailed building assessments to develop
cost-effective infrastructure improvements addressing deferred
maintenance, building energy systems and mechanical systems.
The company, which has worked across the U.S. for nearly three
decades with a focus on Hawaii for nearly 20 years, has developed
solutions for more than 375 client buildings and has an established
track record serving healthcare, residential, hospitality and
commercial businesses. Chelsea Group also specializes in building
certification programs and has provided more than 300 ENERGY STAR®
certifications to customer facilities, as well as LEED
certifications for 14 million square feet of building space.
The company has implemented award-winning projects, including at
a large retail shopping mall outside of Honolulu. The project
resulted in a 54 percent energy use reduction through a central
plant replacement and was awarded the 2016 Energy Project of the
Year for Region V by the Association of Energy Engineers.
The Ameresco and Chelsea Group offices in Hawaii will be
combined at the current Chelsea Group location in Honolulu and will
operate together as Ameresco, led by Wyeth Crawford, who is joining
Ameresco as Director of Operations, Hawaii. George Benda will
continue to be active in the business as a mentor, consultant and
advisor.
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 for the
year ended December 31, 2018.
About Ameresco
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.
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AmerescoKate Cronin, 508-661-2288news@ameresco.com
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