Fidelity Building Services Group announced the purchase of Environmental Systems Corporation Wednesday. The transaction is part of a strategic move to expand a suite of energy management services and solutions to clients in the New England area, with ESC slated to become part of Fidelity BSG’s Energy and Sustainability group.
The acquisition will enable the commercial and industrial building services provider’s Energy and Sustainability group to foray into New England, tap into the region’s thriving energy market and position itself as a key player in advancing sustainable energy initiatives.
Fidelity Energy & Sustainability, a Fidelity BSG initiative, consists of a national team that guides the transformation of buildings into sustainable environments through energy-efficiency projects, retro-commissioning, HVAC and controls optimization, electrification programs, decarbonization planning and renewable energy systems. The ESC deal is expected to meet the rising demand for eco-friendly practices that reduce carbon footprint across industries.
ESC is a provider for facilities and clients across the northeastern U.S., including governments, utilities, commercial entities and organizations in various sectors, ranging from industrials to education and healthcare. The West Hartford, Connecticut-based company, founded as a building automation integrator, says that its energy solutions can help clients reduce greenhouse gas emissions and achieve energy cost savings.
“Everything we touch has an energy component to it,” Dan Weeden, president of Fidelity Energy & Sustainability, said in the release, noting that energy users are increasingly gravitating toward strengthening their bottom lines and sustainability commitments with tools and resources that optimize their equipment and systems.
Weeden, previously founder and CEO of energy consulting firm ENERActive Solutions, joined Fidelity Energy & Sustainability as president in January 2023 to shepherd the group toward becoming a national-level provider. The goal is to expedite carbon neutrality efforts and tackle complex market issues with practical solutions.
Most companies are identifying loopholes to minimize the amount of emissions they are actually taking responsibility for, according to Kelly Trout, a senior research analyst at Oil Change International in an interview with Inside Climate News.
Consolidation is evolving as a springboard for increased energy efficiency in New England and other parts of the Northeast. In late 2022, Gil-Bar Industries announced its takeover of Trumbull Campbell Associates and APA HVAC Technologies, both rival players in New England’s commercial HVAC market, while PosiGen acquired New England Conservation Services to boost energy efficiency and solar use across the region.