OpTerra Energy Group acquires Bluestone Energy Services

Energy service company OpTerra Energy Group has acquired Bluestone Energy Services. 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 in the Northeast, Mid-Atlantic and Great Lakes markets. they include data centres, hospitals, universities, supermarkets and manufacturing facilities. Additionally, Bluestone is an energy efficiency service provider for many utilities, including National Grid, NSTAR, BG&E, PPL and ComEd.

“Bluestone has a demonstrated track record of delivering energy efficiency projects with compelling economic paybacks for commercial customers across a number of industry verticals in the Northeast, Mid-Atlantic and Great Lakes regions,” said Raouf Abdel, OpTerra CEO. “We expect Bluestone to significantly contribute to OpTerra’s national expansion while adding deep experience with utility incentive programs and specialized expertise to address energy-intensive facilities such as data centers.”

OpTerra Energy Group is backed by the GFI Energy Group (part of Oaktree Capital Management). OpTerra Energy Group has also recently acquired Aircon Energy (Sacramento, CA) and Energy Control (Albuquerque, NM).

USA, Denver, CO & Norwell, MA

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