ICF International (ICFI) acquired Applied Energy Group from Ameresco (AMRC) for an undisclosed price.
The transaction is anticipated to be accretive immediately to non-GAAP earnings per share, ICF said Tuesday in a statement.
Applied Energy Group is expected to generate $30 million in revenue in 2024 with sales projected to increase at least at a mid-teens rate in 2025, ICF said.
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