Ameresco

Canaccord Genuity Acts as Exclusive Financial Advisor to Ameresco, Inc. on the Divestiture of its Applied Energy Group business unit to ICF International, Inc.

Canaccord Genuity is pleased to announce that its client Ameresco, Inc. (NYSE: AMRC), a leading cleantech integrator and renewable energy asset developer, owner and operator, has completed the sale of its Applied Energy Group (“AEG”) business unit to ICF International, Inc. (Nasdaq: ICFI).

AEG is recognized as a leading energy technology and advisory services company with over 100 utility management and demand side energy experts. The Company provides a suite of integrated technology and advisory solutions to a growing set of large electric and gas utilities, state and local governments, and state energy offices nationwide. 

For ICF, a global consulting and technology services provider, the acquisition of AEG brings a highly trusted energy technology platform that centralizes management of various demand-side management (DSM) programs, including energy efficiency, demand response, load management and more. For Ameresco, this divestiture will allow it to remain focused on core businesses and growth opportunities within its target markets.