Energy Efficiency Provider Ameresco to Price IPO

| About: Ameresco, Inc. (AMRC)

Ameresco (NYSE:AMRC), provider of energy efficiency solutions for facilities throughout North America, is expected to price its IPO this week.

Business Overview (from prospectus)

Ameresco is a leading provider of energy efficiency solutions for facilities throughout North America. Our solutions enable customers to reduce their energy consumption, lower their operating and maintenance costs and realize environmental benefits. Our comprehensive set of services addresses almost all aspects of purchasing and using energy within a facility. Our services include upgrades to a facility’s energy infrastructure and the construction and operation of small-scale renewable energy plants. As one of the few large, independent energy efficiency service providers, we are able to objectively select and provide the products and technologies best suited for a customer’s needs. Having grown from four offices in three states in 2001 to 54 offices in 29 states and four Canadian provinces in 2010, we now combine a North American footprint with strong local operations. Since our inception in 2000, we have served more than 2,000 customers, which include primarily governmental, educational, utility, healthcare and other institutional, commercial and industrial entities.

Offering: 8.7 million shares at $14-$16 per share. Net proceeds of $34 million from this offering will be used for debt repayment.

Lead Underwriters: BofA Merrill Lynch (NYSE:BAC)

Financial Highlights:

Total revenue increased by 43.9% to $105.6 million, in the first quarter of 2010 compared to the first quarter of 2009...Direct expenses increased by 46.1% to $87.2 million, in the first quarter of 2010 compared to the first quarter of 2009...Project development expenses increased by $0.4 million, or 14.3%, in the first quarter of 2010 compared to the first quarter of 2009...Income before taxes for the first quarter of 2010 increased to $1.7 million from $0.6 million for the first quarter of 2009...Net income increased by 206% in the first quarter of 2010 to $1.3 million, compared to $0.4 million in the first quarter of 2009...

Competitors

While we face significant competition from a large number of companies, we believe few offer the full range of services that we provide. Our principal competitors include Chevron Energy Solutions (NYSE:CVX), Constellation Energy (NYSE:CEG), Honeywell (NYSE:HON), Johnson Controls (NYSE:JCI), Siemens Building Technologies and TAC Energy Solutions. We compete primarily on the basis of our comprehensive, independent offering of energy efficiency and renewable energy services and the breadth and depth of our expertise.

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