Benzinga | Dec 7, 2021 03:39PM EST

Ameresco Acquires Plug Smart For Undisclosed Sum

Ameresco Inc (NYSE:AMRC) acquired Plug Smart, an Ohio-based energy services company, expanding its existing pipeline and solution offerings in the smart buildings sector. Financial terms were not disclosed.

* Plug Smart specializes in developing and implementing budget-neutral capital improvement projects, including building controls and building automation systems.

* Plug Smart noted its experience in building controls and smart building solutions compliments Ameresco's approach to customizing energy solutions.

* Ameresco does not anticipate the acquisition to have a material impact on the FY21 financial results,

* Ameresco held cash and cash equivalents of $93.8 million as of September 30, 2021.

* Price Action: AMRC shares are trading higher by 2.46% at $84.12 on the last check Tuesday.