Lime Energy Co. (NASDAQ: LIME), a leading provider of energy services to utilities and their commercial customers, acquired EnerPath, a pioneer for over two decades in software solutions and program administration for utility energy efficiency programs.
This integration of two principal innovators in utility program delivery combines Lime Energy’s track record of delivering high participation in energy efficiency programs from small and mid-sized businesses (SMBs) with EnerPath’s industry-leading enterprise software that enables cost-effective delivery of energy services to a broad range of commercial and residential customer segments. With a combined resume, including provision of in-person customer engagement and energy education to millions of utility customers, the companies have delivered more than 100,000 commercial facility energy-efficiency projects reducing 1,000 gigawatt-hours of energy usage – enough to power 100,000 homes. EnerPath’s proprietary energy efficiency software platform has processed more than 1 million customer transactions under utility energy efficiency programs.
FMI Capital Advisors, Inc. acted as the exclusive financial advisor to EnerPath for this transaction.
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FMI Capital Advisors is a leading Investment Bank serving the E&C and infrastructure industry. Our unique industry focus, serving a broad range of industry sub-sectors, enables us to provide our clients with valuable insight and advice. With over 600 completed transactions, FMI combines advisory expertise with industry-focused knowledge and relationships in order to achieve value for clients.
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