Carrier Corp., a unit of United Technologies Corp. acquired Noresco, a leading independent energy services company. The acquisition was completed on Nov. 20. Terms of the deal were not disclosed.
in 1984, Noresco has implemented thousands of efficiency and infrastructure
upgrade projects that reduced energy and water consumption and lowered
operating expenses for a wide range of customers including federal, state, and
municipal agencies; educational institutions; hospitals; utilities; and
commercial and industrial facilities. Noresco is headquartered in Westborough,
MA, and has 20 offices in the United States.
“Noresco complements the depth and breadth of Carrier’s portfolio and is an
integral part of our strategy to offer sustainable, comprehensive, end-to-end
building solutions,” said Kelly Romano, president, Carrier Building Systems and
Services. “We are able to offer our customers sustainable products, services
and solutions that lower total cost of ownership and deliver high-performance
According to a company spokesperson, the acquisition of Noresco adds to
Carrier’s commitment to environmental leadership and further reinforces why
Carrier is the only air-conditioning systems manufacturer to be named an
Environmental Protection Agency Climate Leader.
“Carrier greatly admires Noresco,” said Erv Lauterbach, president, Carrier
Building Systems and Services North America Field Operations. “As a founding
company in the energy solutions sector with strong customer relationships, we
are pleased to have the employees of Noresco become part of the Carrier team,
and look forward to serving customers with a more comprehensive solutions
Neil Petchers, president and CEO, Noresco, said, “Carrier’s acquisition of
Noresco will allow us to expand our customer base as well as deliver increased
value to our customers.”
For more information, visit www.carrier.com.
Carrier Acquires Noresco, Expands Capabilities
December 4, 2008