Backed by the GFI Energy Group of Los Angeles-based Oaktree Capital Management, OpTerra is acquiring and integrating 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 markets in the US.

Bluestone designs and implements comprehensive, turnkey energy efficiency solutions for a broad range of commercial and institutional customers, including data centers, hospitals, universities, supermarkets and manufacturing facilities.

Additionally, Bluestone is a preferred energy efficiency service provider for many leading utilities, including National Grid, NSTAR, BG&E, PPL and ComEd. Through these utility relationships, Bluestone identifies and maximizes incentives that increase customer returns from energy efficiency investments.

Peter Fairbanks, president of Bluestone, said: “We are excited to be part of OpTerra and to leverage its operating platform and technical capabilities to expand our service offerings and geographic coverage. OpTerra’s financial strength and geographic scope will enable us to more rapidly address the growing commercial market for energy efficiency solutions.”

Raouf Abdel, CEO of OpTerra, said: “Bluestone has a demonstrated track record of delivering energy efficiency projects with compelling economic paybacks for commercial customers across a number of industry verticals in the Northeast, Mid-Atlantic and Great Lakes regions.

“We expect Bluestone to significantly contribute to OpTerra’s national expansion while adding deep experience with utility incentive programs and specialized expertise to address energy-intensive facilities such as data centers.”

Will the acquisition commercially benefit OpTerra?

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