Joint VentureMay 12, 2026, 04:18 PM
Ameresco Closes Neogenyx Fuels JV with HASI; $1.8B Enterprise Value
AI Summary
Ameresco, Inc. announced the successful closing of its previously announced transaction with HA Sustainable Infrastructure Capital, Inc. (HASI) to spin off Ameresco's biofuels business into a newly formed joint venture, Neogenyx Fuels. Ameresco holds a 70% ownership stake, with HASI owning 30%. HASI committed to invest $400 million to support the growth of Neogenyx Fuels, with $100 million distributed to Ameresco at closing. The transaction values the joint venture at a $1.8 billion post-money enterprise value, and Ameresco reaffirmed its FY26 guidance.
Key Highlights
- Ameresco closed the Neogenyx Fuels joint venture with HA Sustainable Infrastructure Capital, Inc. (HASI).
- Ameresco owns 70% of Neogenyx Fuels, and HASI owns 30%.
- HASI committed to invest $400 million to support the growth of Neogenyx Fuels.
- Ameresco received a $100 million distribution at the closing of the transaction.
- The joint venture represents a $1.8 billion post-money enterprise value.
- Ameresco reaffirmed its FY26 guidance following the transaction's closing.
Price Impact
More from AMRC