EnerNOC (ENOC) To Acquire Global Energy Partners To Expand Demand Response Portfolio

EnerNOC (ENOC) announced it has entered into a definitive agreement to acquire Global Energy Partners, expanding its existing demand response portfolio.  GEP is headquartered in California and employs 55 with customers that include PG&E, So Cal Edison, Bonneville Power and other utilities across the US.  The acquisition is expected to close in early 2011 and be accretive to earnings the following year.  Financials of the deal were not disclosed.

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"Our utility customers and prospects view demand-side resources as an integral component of their overall strategies," said Tim Healy, Chairman and CEO of EnerNOC. "By joining forces with the Global Energy Partners team, EnerNOC is strengthening its ability to capitalize on this attractive market opportunity."

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