EnerNOC Sells to Enel Group for More Than $300 Million
Boston – June 29, 2017 – Cooley advised EnerNOC on its agreement to be acquired by the Enel Group, a global energy company based in Italy, for more than $300 million, including EnerNOC's net debt. The transaction is expected to close in Q3.
“In combining forces with the Enel Group, we look forward to accelerating the growth of our core businesses and to delivering ever more value to our customers as we lead the transition to a more sustainable, distributed energy future," said Tim Healy, chairman and CEO of EnerNOC, in a news release.
Founded in 2001, EnerNOC is a Boston-based provider of demand response solutions and energy intelligence software. With capabilities to better address budgets and procurement, utility bill management, facility analysis and optimization, sustainability and reporting, project tracking and demand management, EnerNOC's SaaS platform helps enterprises control energy costs, mitigate risk and streamline compliance and sustainability reporting.
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