Ameresco Canada Inc. Acquires FAME Facility Software Solutions Inc.
Ameresco Expands its Asset Planning Consulting and Software Services Offering for Commercial, Industrial, K-12 Schools, Public Housing, Municipal and Government Customers
Ameresco, Inc. (NYSE: AMRC) a leading energy efficiency and renewable energy company, announced today that its wholly owned subsidiary, Ameresco Canada Inc., has acquired FAME Facility Software Solutions Inc. FAME, a leading provider of asset management solutions, helps customers assess the condition of their facilities, plan energy management and capital improvements, and refine operations and maintenance strategies. FAME Facility Software allows customers to track their operation’s workflow and energy use and manage their capital renewal processes. The addition of FAME’s software capabilities to Ameresco’s Asset Sustainability platform will provide an enhanced offering to those charged with managing complex infrastructure portfolios. The full-service facilities management suite will address comprehensive aging infrastructure challenges and offer asset sustainable solutions and strategies in support of environments where capital funds are required.
“With the acquisition of FAME, Ameresco looks forward to offering a full suite of innovative software tools to complement our core energy services and support our customers’ capital investment decision-making,” stated George P. Sakellaris, president and chief executive officer of Ameresco. “FAME’s solid expertise implementing K-12, municipal and government projects further enhances Ameresco’s presence in a variety of markets. We look forward to working with the talented FAME team to cultivate these growth opportunities.”
"The entire FAME team is very excited to be part of the Ameresco family,” said Steve Cripps, president of FAME Facility Software Solutions Inc. “The synergies realized are remarkable. Our existing FAME clients can be assured that our industry leading software platform will continue to provide the high level of service and support they have come to expect and rely on, and with the backing of Ameresco offer new value to both existing and future clients. We have a great opportunity to introduce our software services to Ameresco’s customers and Ameresco’s comprehensive energy solutions to our customers.”
The ever increasing energy costs, budgetary constraints, aging infrastructure, and a greater awareness of the benefits of energy efficiency should continue to drive demand for energy efficiency projects and renewable energy solutions. Ameresco has implemented over $3 billion in energy saving projects for its customers throughout North America. Budget-neutral energy efficiency projects and renewable energy solutions reduce operating costs and carbon footprint without impacting capital budgets.
Ameresco’s Asset Sustainability platform and FAME’s innovative asset management software solution helps capital planners develop strong business cases for funding, enhance risk management capabilities, understand the implications of deferrals resulting from constrained budgets, and manage day to day operations.
Operations will continue from FAME’s Calgary, Canada location. Terms of the transaction were not disclosed.
About Ameresco, Inc.
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 facilities throughout North America. Ameresco’s 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 provides local expertise through its 63 offices in 34 states and five Canadian provinces. Ameresco has more than 900 employees. For more information, visit www.ameresco.com.
About Ameresco Canada, Inc.