Energy Services: Octus is to acquire Quantum Energy Solutions

Octus, a smart energy management company that reduces energy costs for commercial and institutional building, is to acquire privately held energy management company Quantum Energy Solutions.

“Quantum and its principals are energy industry leaders with a rich history of successfully deploying energy efficiency projects throughout the United States and Canada,” said Chris Soderquist, Octus CEO. “When the transaction is completed, we believe the fusion of our companies, our capabilities, and our sales pipelines will significantly and immediately expand Octus’s ability to develop energy efficiency projects. This will be a seminal step in Octus’s growth as a leading developer of smart energy efficiency solutions.”

Founded in 1974, Quantum was one of the first energy management companies in the United States to specialize in energy efficiency. Quantum’s principals have executed more than 1,500 energy projects totaling more than $100 million in value for clients including ARCO, Bank of America, Blockbuster, Chevron, Delta Airlines, Frito Lay, Hewlett-Packard, Home Depot, Ikea, Nabisco, Pepsi, Petco, Safeway, Sears, Siemens, and University of California.

Location: USA, Davis, CA

Ref: F231109-440

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