OpTerra buys Bluestone Energy Services
OpTerra's press release did not reference financial details of the transaction. Headquartered in Norwell, Bluestone Energy specializes in energy conservation engineering for commercial and institutional customers such as data centers, hospitals, universities, supermarkets, and manufacturing facilities.
OpTerra said its divisions evaluate, design, implement, and arrange financing solutions for building owners and occupants in governmental, educational, institutional, commercial and industrial markets across the United States. Backed by the GFI Energy Group of Oaktree Capital Management, OpTerra added that it is acquiring and regional energy efficiency service providers to provide a comprehensive set of energy conservation and clean heat and power generation solutions to public and private sector customers in key US markets.
Bluestone is OpTerra’s third acquisition in less than four months.