ICF Acquires Applied Energy Group from Ameresco
January 7, 2025
ICF has acquired Applied Energy Group (AEG) from Ameresco in a divestiture that expands ICF's utility and state & local government energy technology and advisory capabilities. AEG brings a cloud-based demand-side management platform, over 100 utility and DSM experts, and projected ~$30 million in 2024 revenue; Ameresco said the sale allows it to focus on core projects, asset and O&M businesses.
- Buyers
- ICF
- Targets
- Applied Energy Group
- Sellers
- Ameresco, Inc.
- Industry
- Energy
- Location
- New York, United States
- Transaction Type
- Divestiture
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