Ameresco to Expand Clean Energy Portfolio with Acquisition of ENERQOS in Italy

Ameresco, Inc., a leading cleantech integrator and renewable energy asset developer, owner and operator, announced the signing of a definitive purchase and sale agreement to acquire ENERQOS Energy Solutions S.r.l., a renewable energy and energy efficiency company headquartered in Milan. With this acquisition, Ameresco will be able to expand its portfolio of clean energy projects and solutions throughout Italy.

Enerqos has been operating for more than 15 years with the mission of taking care of the environment by offering a competitive advantage to Italian companies through energy efficiency and renewable energy solutions. They have a large portfolio of cost saving and carbon reduction projects across multiple markets in Italy, including healthcare, real estate, retail and residential.

Ameresco already offers clean energy solutions in several European countries, including the United Kingdom, Ireland and Greece. By applying Ameresco’s well-established business model and ENERQOS’ regional reach, expertise and scale, Ameresco’s acquisition is well-positioned to build a high-growth clean energy solutions business and pipeline across Europe.

“We are extremely pleased to be part of this acquisition combining two companies across the globe into a singular mission for customers seeking to install resilient and renewable energy infrastructure,” said Lars Meisinger from Aquila Capital, financial advisor to the seller. “It was a great pleasure to work alongside the Ameresco team on this opportunity, positioning us for additional partnerships in the future.”

“This acquisition further strengthens Ameresco’s global presence by expanding our footprint and adding a new pipeline of work throughout Italy,” said George Sakellaris, President and CEO of Ameresco. “Ameresco’s mission is to create a more sustainable future for our customers, and we see the acquisition of ENERQOS as extending our proven track record of providing significant renewable energy and energy efficiency solutions to entities across North America and Europe that increase energy savings and lower carbon emissions.”

“It is with great excitement that we enter into this next phase of our business. Enerqos was built on a commitment to developing renewable energy solutions and establishing emission reduction targets, so as to usher in a greener, better future for all,” said Enrico Giglioli, CEO of ENERQOS. “As a leader in the cleantech space, Ameresco shares this belief and has a demonstrated history of implementing innovative technologies that deliver clean energy and enhance overall security, reliability, and resiliency.”

The acquisition is expected to close in March 2023. The financial terms of this acquisition were not disclosed. Included in our guidance, this small and opportunistic acquisition will further our footprint in Europe.