The Company
Founded in 2000 the caller is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for facilities end-to-end North America. Customers include manufacturers, hotels, government agencies and educational and health criminal nourishment facilities. Its solutions enable customers to reduce their energy consumption, lower their operating and maintenance costs and realize environmental benefits. With corporate headquarters fixed in Framingham, MA, Ameresco has 56 offices in 29 states and five Canadian provinces. Competitors include Honeywell, Constellation Energy and Johnson Controls and Chevron Energy Solutions.
In 2010 the company went public and sold 6 million shares in the offering, raising $60 million.. The lead underwriter for the offering was savings bank of America Merril Lynch. Ameresco intends to use its net proceeds from the offering to support off debt and for working capital -- which could include opening supernumerary offices in the United States and abroad -- and could also use approximately of the proceeds to make achievements, the company said in a filing with the U.S. Securities and Exchange Commission.
Financials
Ameresco has been profitable since 2002 and reported $618.
2 million in 2010 revenue enhancement, up 44% percent over 2009s figure, eyepatch profit in 2010 was also up 44%. The acquisition of Seattle based Quantum Engineering and Development, an Energy Services Company grow the companys presence in the Pacific northwesterly and was partly responsible for the summationd revenue. Revenue is derived through both sources, Energy efficiency and renewable energy. Energy efficiency revenue increased by 33.7% primarily due to increase in the number of new projects being installed for municipal and institutional customers. renewable energy revenue increased 85.4% due primarily to an increase in the number of facilities being built by the company for its customers. Construction volumes of such plants increased...If you want to get a sound essay, order it on our website: Orderessay
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