Tue, 23 Aug 2011 08:27:53 CDT
Ameresco Inc. is buying APS Energy Services, a subsidiary of Pinnacle West Capital Corp. that specializes in helping businesses save on energy use. The deal was announced Monday, although Phoenix-based Pinnacle West (NYSE: PNW) officials had said earlier this month the company was looking at divesting itself of the business. Financial details were not disclosed. Ameresco (NYSE: AMRC) was looking to create a larger footprint in the Southwest, and the opportunity to purchase APSES presented that opening, said George Sakellaris, president and CEO of the Framingham, Mass...
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