Ameresco completes Neogenyx Fuels joint venture with HASI

Ameresco Inc. (NYSE: AMRC) announced the completion of its joint venture with HA Sustainable Infrastructure Capital Inc. (NYSE: HASI) to form Neogenyx Fuels, spinning off Ameresco's biofuels business into the new entity.

Under the transaction structure, Ameresco owns 70% of Neogenyx Fuels while HASI holds a 30% stake. Ameresco contributed its biofuels business, including existing assets and operational capabilities, to the joint venture. HASI committed $400 million to support Neogenyx Fuels' growth, with $100 million distributed to Ameresco at closing.

The transaction values the joint venture at $1.8 billion post-money enterprise value, according to the company's statement. The completed deal allows Ameresco to maintain its fiscal year 2026 guidance previously announced during its May 4 earnings call.

Ameresco, founded in 2000 and headquartered in Framingham, Massachusetts, provides energy infrastructure solutions to government, utility, and commercial customers. The company has more than 1,500 employees across North America and Europe.

HASI focuses on investments in sustainable infrastructure assets. Additional transaction details are available in Ameresco's Form 8-K filing with the Securities and Exchange Commission.

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