Archive for March, 2013
Mass. Capital is pleased to announce a new investment in World Energy Solutions, Inc. (NASDAQ: XWES). Headquartered in Worcester, MA, World Energy is an energy management services firm that brings together the passion, processes and technologies to take the complexity out of energy management and turn it into bottom-line impact for businesses, institutions and government. To date, the Company has transacted more than $40 billion in energy, demand response and environmental commodities on behalf of its customers, creating more than $2 billion in value for them. World Energy is also a leader in the global carbon market, where its World Energy Exchange® supports the Regional Greenhouse Gas Initiative (RGGI), the first mandatory market-based regulatory program in the U.S. to reduce greenhouse gas emissions.
Mass. Capital initially invested in World Energy in 2005. The Company recently acquired Northeast Energy Partners, LLC (NEP), a privately-held Enfield, CT-based energy management and procurement company. The acquisition expands World Energy’s national footprint in the mid-market – addressing the energy management needs of small and mid-sized businesses – while increasing the Company’s market share in New England. Mass. Capital provided subordinated debt to support the acquisition. More information about World Energy is available at www.worldenergy.com.