Ameresco (AMRC) Acquires APS Energy Services from Pinnacle West (PNW)

August 22, 2011 7:23 AM EDT
Ameresco, Inc. (NYSE: AMRC) has acquired APS Energy Services Company, Inc. from Pinnacle West Capital Corporation (NYSE: PNW).

Terms of the transaction were not disclosed; however, the acquisition is expected to be slightly accretive to 2011 earnings.

APS Energy Services, headquartered in Tempe, AZ, is a full-service company that provides integrated energy efficiency and renewable energy solutions for a variety of institutional customers, including state and local governments, school districts and universities.


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