Ameresco Acquires Quantum

Ameresco (NYSE: AMRC), the energy-efficiency services company based in Framingham, MA, said today it has agreed to acquire Renton, WA-based Quantum Engineering and Development. Financial terms of the deal were not disclosed. Ameresco manages energy infrastructure projects, including the development, construction, and operation of renewable energy plants. It was incorporated in 2000 and raised about $87 million in an initial public offering last month. The company has 650 employees and will be adding Quantum’s staff to its workforce as part of its Northwest expansion. Quantum provides energy and water auditing, engineering, construction, and commissioning services for public, commercial, and industrial customers.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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