Third acquisition broadens geographic and market coverage
DENVER & NORWELL, Mass.–March 17, 2011(BUSINESS WIRE)–OpTerra Energy Group (OpTerra), a rapidly expanding energy service company, has acquired Bluestone Energy Services (Bluestone), an established leader in energy conservation engineering and project development services for commercial and institutional customers in the Northeast, Mid-Atlantic and Great Lakes markets. Terms of the deal were not disclosed.
Headquartered in Norwell, Massachusetts, Bluestone designs and implements comprehensive, turnkey energy efficiency solutions for a broad range of commercial and institutional customers, including data centers, hospitals, universities, supermarkets and manufacturing facilities.
Additionally, Bluestone is a preferred energy efficiency service provider for many leading utilities, including National Grid, NSTAR, BG&E, PPL and ComEd. Through these utility relationships, Bluestone identifies and maximizes incentives that increase customer returns from energy efficiency investments.
“We are excited to be part of OpTerra and to leverage its operating platform and technical capabilities to expand our service offerings and geographic coverage,” said Peter Fairbanks, President of Bluestone. “OpTerra’s financial strength and geographic scope will enable us to more rapidly address the growing commercial market for energy efficiency solutions.”