Ameresco, Inc. Acquires Substantially All Assets Of Colorado Energy Services Provider Ennovate Corporation

Ameresco, Inc. (NYSE: AMRC), a leading energy efficiency and renewable energy company, announced today that it has completed the purchase of substantially all of the assets of Ennovate Corporation, an energy service company active throughout Colorado, Nebraska, Montana and Wyoming. Ennovate is currently serving customers that include schools, higher education facilities, municipalities and counties.

“We are delighted the acquisition of Ennovate has been completed, and we are happy to have the team join the Ameresco family,” said George P. Sakellaris, President and Chief Executive Officer, Ameresco. “Ennovate’s industry experience and strong customer commitment closely aligns with Ameresco’s. With the additional talent and resources in our Central Region, we not only increase our footprint and penetration in the Rocky Mountain area, but continue to focus on delivering outstanding results and innovative, energy-saving solutions for our customers while welcoming all of those joining us through Ennovate.”

“The entire Ennovate team is very excited to be part of the Ameresco family,” said Jeff Schuster, President, Ennovate Corporation. “The synergies between the companies are remarkable and will offer incomparable value to both existing and future clients. We have great expectations for introducing our building commissioning and engineering services to Ameresco’s customers and Ameresco’s renewable energy services to our customers.”

“It is a pleasure to welcome Jeff Schuster, President of Ennovate, and his organization to Ameresco’s Central Region,” said Louis P. Maltezos, Executive Vice President and General Manager, Central Region, Ameresco. “In his new role as Ameresco Vice President of the newly combined Ameresco/Ennovate Regional Office, I look forward to Jeff’s continued leadership and commitment in expanding the customer base and serving customers.”

The Ameresco and Ennovate Colorado offices will be combined at the current Ennovate location in Aurora, Colorado, and operating together as Ameresco, the team will be responsible for leading Ameresco’s efforts in the Rocky Mountain Region of the United States. Ennovate’s employees will join Ameresco’s current workforce of more than 900.

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