Title: Ameresco acquires Quantum Engineering in Northwest expansion - MassHighTech

Industry sector: Consulting

Ameresco acquires Quantum Engineering in Northwest expansion

MassHighTech
By Kyle Alspach

Energy services firm Ameresco Inc. has reached an agreement to buy a company based in Washington state to push the firm’s expansion into the Northwest, Ameresco said.

Ameresco, a Framingham-based company that went public in July, is buying Quantum Engineering and Development Inc., an energy services firm based in Renton, Wash. Terms of the deal were not disclosed.

Quantum, which will be renamed Ameresco Quantum Inc., has customers in the Northwest including the Portland, Ore., public schools, municipalities and schools in Washington and the state government of Washington. Quantum “will lead our efforts in the Northwest region,” said George Sakellaris, Ameresco CEO, in the announcement.

Ameresco (NYSE: AMRC) said it would add Quantum’s employees to its current workforce of more than 650. Ameresco did not say how many employees Quantum has currently.

Read the full article at MassHighTech.