ICF Acquires Applied Energy Group from Ameresco, Inc.
ICF (NASDAQ:ICFI) has acquired Applied Energy Group (AEG) from Ameresco (NYSE:AMRC), expanding its utility and state & local government capabilities. AEG, with over 100 experts, provides integrated technology and advisory solutions for energy management, bringing a trusted platform that centralizes demand-side management programs.
AEG is projected to generate $30 million in annual revenue in 2024 with margins comparable to ICF's commercial energy business. The company expects revenue growth at a mid-teens rate in 2025, and the acquisition is expected to be immediately accretive to ICF's Non-GAAP EPS.
The acquisition aligns with ICF's strategy to extend capabilities in energy markets advisory and technology-enabled services. The companies have previously partnered on numerous utility management projects, and the integration aims to address energy challenges while creating revenue synergies.
ICF (NASDAQ:ICFI) ha acquisito Applied Energy Group (AEG) da Ameresco (NYSE:AMRC), espandendo le proprie capacità per utility e enti governativi locali e statali. AEG, con oltre 100 esperti, offre soluzioni integrate di tecnologia e consulenza per la gestione dell'energia, fornendo una piattaforma affidabile che centralizza i programmi di gestione della domanda.
Si prevede che AEG genererà 30 milioni di dollari di fatturato annuo nel 2024 con margini paragonabili a quelli del business energetico commerciale di ICF. L'azienda si aspetta una crescita del fatturato a un tasso medio delle sue classi medie nel 2025, e si prevede che l'acquisizione sia immediatamente accrescitiva per l'EPS Non-GAAP di ICF.
L'acquisizione è in linea con la strategia di ICF di estendere le capacità nella consulenza dei mercati energetici e nei servizi abilitati dalla tecnologia. Le aziende hanno già collaborato in numerosi progetti di gestione delle utility, e l'integrazione mira ad affrontare le sfide energetiche creando sinergie di fatturato.
ICF (NASDAQ:ICFI) ha adquirido Applied Energy Group (AEG) de Ameresco (NYSE:AMRC), ampliando sus capacidades para utilities y gobiernos estatales y locales. AEG, con más de 100 expertos, ofrece soluciones integradas de tecnología y asesoría para la gestión energética, proporcionando una plataforma confiable que centraliza los programas de gestión de la demanda.
Se proyecta que AEG generará 30 millones de dólares en ingresos anuales en 2024 con márgenes comparables a los del negocio energético comercial de ICF. La compañía espera un crecimiento de ingresos en una tasa media de dos dígitos en 2025, y se espera que la adquisición sea inmediatamente accretiva a las EPS No-GAAP de ICF.
La adquisición se alinea con la estrategia de ICF para extender capacidades en asesoría de mercados energéticos y servicios habilitados por tecnología. Las empresas ya han colaborado en numerosos proyectos de gestión de utilities, y la integración tiene como objetivo abordar los desafíos energéticos mientras crea sinergias de ingresos.
ICF (NASDAQ:ICFI)는 Ameresco (NYSE:AMRC)로부터 Applied Energy Group (AEG)를 인수하여 유틸리티 및 주 및 지역 정부의 역량을 확대했습니다. AEG는 100명 이상의 전문가를 보유하고 있으며, 에너지 관리를 위한 통합 기술 및 자문 솔루션을 제공하여 수요 관리 프로그램을 중앙 집중화하는 신뢰할 수 있는 플랫폼을 제공합니다.
AEG는 2024년에 3천만 달러의 연간 수익을 생성할 것으로 예상되며, 이는 ICF의 상업용 에너지 사업과 유사한 마진을 갖습니다. 이 회사는 2025년에 중간 10대 성장률로 수익 성장을 기대하고 있으며, 인수는 ICF의 비-GAAP EPS에 즉각적인 증가 효과를 줄 것으로 예상됩니다.
이번 인수는 에너지 시장 자문 및 기술 기반 서비스의 역량을 확장하려는 ICF의 전략과 일치합니다. 양사는 이전에 여러 유틸리티 관리 프로젝트에서 협력했으며, 통합을 통해 에너지 문제를 해결하고 수익 시너지를 창출하는 것을 목표로 하고 있습니다.
ICF (NASDAQ:ICFI) a acquis Applied Energy Group (AEG) d'Ameresco (NYSE:AMRC), élargissant ses capacités pour les services publics et les gouvernements locaux et d'État. AEG, avec plus de 100 experts, fournit des solutions intégrées en matière de technologie et de conseil pour la gestion de l'énergie, offrant une plateforme fiable qui centralise les programmes de gestion de la demande.
On prévoit qu'AEG générera 30 millions de dollars de revenus annuels en 2024 avec des marges comparables à celles de l'activité énergétique commerciale d'ICF. L'entreprise s'attend à une croissance des revenus à un taux à deux chiffres au milieu des années 2020, et l'acquisition devrait immédiatement accroître le bénéfice par action Non-GAAP d'ICF.
L'acquisition s'aligne sur la stratégie d'ICF d'élargir ses capacités en matière de conseils sur les marchés de l'énergie et de services technologiques. Les entreprises ont déjà collaboré sur de nombreux projets de gestion des services publics, et l'intégration vise à relever les défis énergétiques tout en créant des synergies de revenus.
ICF (NASDAQ:ICFI) hat Applied Energy Group (AEG) von Ameresco (NYSE:AMRC) übernommen, um seine Fähigkeiten im Bereich Versorgungsunternehmen sowie staatlicher und kommunaler Regierungen zu erweitern. AEG verfügt über mehr als 100 Experten und bietet integrierte Technologie- und Beratungsdienstleistungen im Energiemanagement, wodurch eine vertrauenswürdige Plattform geschaffen wird, die Programme zur Nachfragesteuerung zentralisiert.
Es wird erwartet, dass AEG im Jahr 2024 30 Millionen US-Dollar Jahresumsatz generieren wird, mit Margen, die mit dem kommerziellen Energiesegment von ICF vergleichbar sind. Das Unternehmen erwartet für 2025 ein Umsatzwachstum in der mittleren zweistelligen Bandbreite, und die Übernahme wird voraussichtlich sofort positiv zu ICFs Non-GAAP EPS beitragen.
Die Übernahme steht im Einklang mit der Strategie von ICF, die Fähigkeiten in der Beratung von Energiemärkten und technologiegestützten Dienstleistungen zu erweitern. Die Unternehmen haben zuvor in zahlreichen Projekten zur Versorgungsmanagement zusammengearbeitet, und die Integration zielt darauf ab, Energieherausforderungen zu bewältigen und gleichzeitig Umsatzsynergien zu schaffen.
- Projected $30M annual revenue in 2024 with comparable margins to existing business
- Expected mid-teens revenue growth rate in 2025
- Immediately accretive to Non-GAAP EPS
- Adds over 100 utility management and energy experts
- Brings established cloud-based energy management platform
- None.
Insights
The acquisition of Applied Energy Group (AEG) represents a strategic move for ICF, with immediate financial benefits. The deal adds <money>$30 million</money> in annual revenue with margins aligning with ICF's commercial energy business. The projected mid-teens growth rate for 2025 and immediate Non-GAAP EPS accretion indicate strong value creation potential.
The transaction's structure appears well-thought-out from a financial perspective. AEG's established client base and decade-long partnership with ICF minimize integration risks while creating significant cross-selling opportunities. The cloud-based platform acquisition particularly strengthens ICF's technological capabilities, potentially leading to higher-margin recurring revenue streams.
For Ameresco, this divestiture streamlines their business model by allowing focus on core operations. The timing aligns with broader industry trends toward specialized service offerings and technology-enabled solutions in the utility sector.
The acquisition significantly enhances ICF's technological capabilities in the utility management space. AEG's cloud-based platform for demand-side management (DSM) represents a valuable asset in the evolving utility landscape, where real-time analytics and program management are becoming increasingly critical. The platform's ability to centralize management of various DSM programs - including energy efficiency, demand response and load management - positions ICF strongly in the growing market for smart grid solutions.
The integration of AEG's technology stack with ICF's existing services creates a comprehensive solution for utilities facing grid reliability and affordability challenges. This technological synergy is particularly timely as utilities nationwide accelerate their transition to more flexible and sustainable grid management systems.
This acquisition strategically positions ICF in the rapidly expanding utility technology and advisory services market. The timing is optimal, coinciding with increased federal and state focus on grid modernization and energy efficiency initiatives. The deal strengthens ICF's market position in key growth areas including energy efficiency, grid resilience, electrification and decarbonization services.
The transaction creates a compelling competitive advantage through vertical integration of advisory and technology services. With utilities facing increasing pressure to improve grid reliability while maintaining affordability, the combined expertise of ICF and AEG addresses critical market needs. The existing partnership between the companies should facilitate smooth integration and rapid realization of revenue synergies.
Accretive Transaction of Leading Energy Technology Provider Expands ICF's Utility and State & Local Government Capabilities
Divestiture Allows Ameresco to Focus on Core Projects, Asset and O&M Businesses
AEG brings to ICF 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. The cloud-based platform offers real-time business intelligence and analytics to help organizations ensure programs provide grid reliability and affordability. AEG also brings to ICF best-in-class advisory services which provide market assessments, potential energy studies, as well as program planning, design, implementation and evaluation services. ICF and AEG have partnered together on a growing number of utility programs and services projects for over a decade.
AEG is projected to generate approximately
"This transaction aligns with our strategy to extend our capabilities in ICF's growth areas, with specific emphasis on our energy markets advisory and technology-enabled services," said John Wasson, ICF chair and CEO. "We are expanding our capabilities with an innovative, cutting-edge technology solution for utilities and state and local government clients that will drive added value for them, as well as their customers and stakeholders. AEG's portfolio is highly complementary to our own, and both companies have seen strong growth in the energy arena. Together, we'll build on that momentum and create incremental revenue synergies as we address top-of-mind energy challenges with our clients."
"We have successfully partnered with ICF on dozens of utility management projects and have a proven track record of delivering positive results for our clients," said Ingrid Rohmund, president and general manager of AEG. "As one team, I am confident we can significantly expand our revenue and reach."
"We are excited to see the AEG team transition over to ICF where they can continue to grow and complement the ICF portfolio of services," said George Sakellaris, President and CEO of Ameresco. "This successful divestiture will allow us to remain focused on our core businesses and the exciting growth opportunities within our target markets."
The acquisition of AEG follows ICF's strong year-to-date performance in the commercial energy market as utility clients expand their use of the company's energy efficiency, grid resilience, electrification, decarbonization and flexible load management services.
Read more about ICF and AEG.
Canaccord Genuity acted as exclusive financial advisor to Ameresco on this transaction.
About ICF
ICF is a global consulting and technology services company with approximately 9,000 employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes solutions that help customers reduce costs, decarbonize to net zero, and build energy resiliency while leveraging smart, connected technologies. From implementing energy efficiency and infrastructure upgrades to developing, constructing, and operating distributed energy resources – we are a trusted sustainability partner. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, utilities, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in
Caution Concerning Forward-looking Statements - ICF
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with
Caution Concerning Forward-looking Statements - AMRC
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern Ameresco's current expectations about its future results, plans, operations and prospects and involve certain risks, including those related to the renewable energy and energy efficiency industry generally, Ameresco's particular business including its ability to complete and finance its projects and assets, its reliance on contracts with the
Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577
Leila Dillon, news@ameresco.com, +1.508.661.2264
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SOURCE ICF
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