Ecova to Acquire Prenova

Ecova, a total energy and sustainability management company, is all set to acquire Prenova, Inc., a privately-held enterprise energy management company headquartered in Atlanta.

The transaction is expected to close before the end of the year.

Officials with Ecova pointed out that with more than 80 clients, Prenova grows the company’s existing client base to more than 600 and expands the company’s reach into the education and government sectors.

“Prenova’s clients, employee expertise and real-time products are significant additions to our company,” said Jeff Heggedahl, CEO of Ecova, in a statement.

“We look forward to providing the best offerings from both companies’ portfolios to our clients, and believe our unique combination of technology, expertise and data is unmatched,” said Heggedahl.

Industry experts opined that the acquisition enhances Ecova’s unique combination of historical data from utility expense management services and real-time building management services. The acquisition builds Ecova’s engineering capabilities in building control and metering, providing clients with energy efficiency expertise and recommendations at the building level.

Jeff Heggedahl will lead the combined organization and the Atlanta office will become Ecova’s South Eastern regional office.

“For over ten years, Prenova has been helping companies control energy spend by reducing utility costs and improving energy efficiency,” said Michael Nark, president and CEO of Prenova.

“By joining with Ecova, our clients will benefit from having the combined expertise and expanded product offering that Ecova brings. I’m excited for our companies, as together we can achieve the vision of being the leader in total energy and sustainability management,” said Nark.

Recently, Ecova announced that it has hired Jana Schmidt as the senior vice president of sales. Schmidt will be responsible for leading the Ecova sales and client management teams to drive revenue growth for Ecova by delivering results on saving resources for clients.