Boston, United States [RenewableEnergyWorld.com] EnerNOC, Inc. announced that it has acquired privately-held South River Consulting, LLC, an energy procurement and risk management services provider. Under the terms of the transaction, EnerNOC acquired 100% of the membership interests of South River for a purchase price of approximately US $4.75 million.
Existing EnerNOC customers will have access to a larger energy procurement services offering, while existing South River customers will have the opportunity to use EnerNOC’s full suite of demand response and energy management solutions.
“Strengthening our energy procurement service capabilities will expand and enhance the value that we can deliver to our customers,” said Tim Healy, CEO of EnerNOC. “By integrating South River’s wholesale market knowledge and technology platform with our own technologies and expertise in deregulated market dynamics, we will strengthen our portfolio of energy management solutions and further differentiate ourselves from the competition. We believe that can help our customers save money and further propel change in the way businesses think about energy consumption.”