Ameresco Ranks 29th in The Boston Globe’s Annual Globe 100 Top Performing Massachusetts Companies
Inclusion of Ameresco underscores the role of recent publicly traded companies in helping to drive economic recovery in Massachusetts
FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company throughout North America, today announced that it was ranked 29th as part of The Boston Globe’s 24th annual Globe 100 list of top-performing public companies in Massachusetts. The full list appeared in a magazine published in The Boston Sunday Globe on May 20, and can be seen at BostonGlobe.com/globe100.
The Globe 100 list categories include biotechnology, consumer, finance, industrial, medical devices, real estate, services, technology and telecommunications. Ameresco ranked fourth in the services category. For the first time in three years, the Globe 100 list features 100 companies. The recession took its toll in 2010 and 2011, making it difficult for many businesses to qualify for Globe 100.
“The positive momentum we are seeing in the economic recovery is illustrated by the Globe 100 returning to full strength,” said Shirley Leung, Business Editor of The Boston Globe. “It’s a powerful testament to the resiliency of Massachusetts’ businesses.”
To meet the criteria for the Globe 100, a company must have been public for the entire 2011 calendar year and have reported a positive net income for both 2010 and 2011. Companies are ranked on four criteria: return on average equity, one-year percentage change in revenue, one-year percentage change in profit margin and 2011 revenue.
“This is a great accomplishment for Ameresco that would not have been possible without the hard work and dedication of all our employees, and our sharp focus on addressing customers’ needs for comprehensive energy efficiency and budget neutral solutions,” said George P. Sakellaris, President and Chief Executive Officer of Ameresco. “It is an honor to rank so highly our first time on the Globe 100, and we are proud to receive recognition on this list of successful Massachusetts companies.”
Ameresco is a leader in energy efficiency and renewable energy solutions for customers across North America including local and state governments, schools and institutions of higher education, healthcare institutions and housing authorities. The pioneers of the Energy Saving Performance Contract (ESPC) model, Ameresco specializes in helping customers make critical infrastructure improvements without the burden of up-front investment, paying for the projects with a portion of guaranteed energy savings over time.
About the Globe 100 ranking methodology
The Globe 100 ranks Massachusetts-based public companies based on financial data from the four quarters ending December 31, 2011. To be eligible, the company must be traded publicly for the entire 2011 calendar year on the New York Stock Exchange, the NASDAQ or the American Stock Exchange and report revenue and profit for both 2010 and 2011. Companies are ranked on four criteria: return on average equity, one-year percentage change in revenue, one-year percentage change in profit margin and 2011 revenue.
About The Boston Globe
The Boston Globe is wholly owned by the New York Times Company (NYSE:NYT), a leading, global multimedia news and information company with 2011 revenues of $2.3 billion, that includes The New York Times, the International Herald Tribune, The Boston Globe, NYTimes.com, BostonGlobe.com, Boston.com, About.com and related properties. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, and renewable energy solutions for facilities throughout North America. Ameresco’s services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco provides local expertise through its 62 offices in 34 states and five Canadian provinces. Ameresco has more than 900 employees. For more information, visit www.ameresco.com.
CarolAnn Hibbard, 508-661-2264
Source: Ameresco, Inc.
Released May 22, 2012