Maximum Solar manages over 150MWs of solar facilities throughout the northeastern US. Its clients range from large utilities to owners of single, 100kw systems.
The acquisition marks Ameresco’s expansion of its operations and maintenance services to owners of commercial-scale photovoltaic solar facilities.
Ameresco vice president construction & operations Pete Christakis said: “A well-designed and properly executed maintenance program can be a crucial element to long-term energy system performance and production.”
The acquisition is expected to further develop the Ameresco’s in-house services to operate and maintain solar facilities for enhancing existing capabilities using the latest technologies.
Maximum Solar president Brett Chapman said: “Our mission is to maximize our clients’ returns by minimizing the downtime on their installations. We are thrilled to continue to provide best-in-class O&M services as part of the Ameresco team.”
Details of the transaction’s financial terms are not disclosed. Ameresco does not expect the acquisition to have a material impact on the financial results of the company.
In December 2018, Ameresco has acquired a California-based company TerraNavigator, which is engaged in the origination and development of solar assets in the US.
The company has expanded its pipeline of potential renewable energy projects with the acquisition.
Ameresco EVP Lou Maltezos said: “We are excited to bring TerraNavigator into the Ameresco family.
“In addition to their pipeline of project opportunities, the TerraNavigator team brings experience and knowledge in the renewable energy industry that adds to our existing expertise and represents an ideal fit with Ameresco’s strategy.
“We look forward to advancing our footprint and capabilities in California and the Central and Northwest U.S.A. as we continue to execute on the Company’s strategy in the distributed energy resource space.”
