CMC Energy Services Acquires Competitive Resources Inc.
Merger Broadens Range and Array of Services
Ft. Washington, Pa., July 1, 2015 (Newswire.com) - CMC Energy Services (CMC), a leader in the energy conservation industry since 1977, and a certified Women’s Business Enterprise, announced today the acquisition of Yalesville, Conn.-based Competitive Resources Inc. (CRI). This merger will result in the integration of two highly successful and prominent energy services companies in the mid-Atlantic and New England markets.
“We are very excited about being able to expand our services to current and future clients,” said CMC President Eileen McGinnis. “We were looking for partners in the New England area since there is so much energy efficiency activity going on in that region. CRI turned out to be the perfect opportunity for us. Both companies have a commitment to energy efficiency, and this expansion solidifies our base as an East Coast regional provider with a great deal of technical and building science expertise that will serve our clients well.”
“This merger combines two strong and stellar regional entities into a single organization with a larger geographic footprint and greater depth in product and service offerings,” said Robert Kemper, president and CEO, CRI. “This will enable us to be even more responsive to our client needs and enhance our competitive position in the energy efficiency marketplace.” Kemper acknowledges that in recent years, other companies made overtures to purchase CRI. What was missing was the cultural component of these companies, according to Kemper. “Other suitors simply did not have a culture that corresponded to our own,” Kemper said. “CMC focuses on the customer and on the employees, and that meant a great deal to us, and those attributes played a major role in finalizing this merger.”
"Customers inevitably wonder how a major merger will affect their relationship with a service provider. Our commitment to training and promoting above industry standards and our investments in improving our customer care capacity are just some of the advantages our clients will see and benefit from. It is the beginning of a more diversified, and even better CMC Energy Services."
CMC provides in excess of 25,000 energy audits in New Jersey, New York and Pennsylvania. Its call center handles approximately 400,000 calls annually. To date, CMC has worked closely with major utilities and government agencies across the United States to provide energy audits to more than 350,000 residences and 50,000 commercial buildings. It employs more than 100 people, administering energy efficiency programs in Pennsylvania, New Jersey and New York state. CMC Energy’s client list includes PECO, an Exelon company; PGW, PSEG NJ and LI, NJ Natural Gas and First Energy.
CRI has offices in Connecticut and Massachusetts. CRI received its third consecutive ENERGY STAR Century Club Award from the U.S. Department of Energy. The company major client list includes Eversource, National Grid and United Illuminating.
“Customers inevitably wonder how a major merger will affect their relationship with a service provider,” said CMC Energy Chairwoman Mimi Iklé-Khalsa. “Our commitment to training and promoting above industry standards and our investments in improving our customer care capacity are just some of the advantages our clients will see and benefit from. It is the beginning of a more diversified, and even better CMC Energy Services.”
About CMC Energy Services
CMC Energy Services owes a tremendous amount of its national reputation and continued success to the passion and vision of its founder, Ms. Doris Iklé, an industry pioneer and inventor.
In 2012, Mimi Iklé-Khalsa assumed the position of chairwoman, and actively leads CMC’s board of directors to provide a fresh, innovative direction to the company. She works directly with Eileen McGinnis, and together they have made significant investments in infrastructure, including software and data management systems like the company’s proprietary Energy Reduction Management System (ERMS), which makes it easier for utility executives to track program goals and budgets.
The mission of CMC Energy Services is to promote energy efficiency. CMC Energy is dedicated to saving more energy and reaching more homes, more cost effectively, than any other service provider in the nation. This merger signifies to its clients a renewed dedication to setting the highest standards in the energy services industry. CMC is committed to training that exceeds industry norms, and its investments in customer care are just the beginning of this exciting transformation.
For more information, visit www.cmcenergy.com.
About Competitive Resources Inc.
Competitive Resources Incorporated (CRI) is a multistate corporation established in January of 1997. CRI began with the acquisition of certain assets of Kemper Management Services (KMS) from Encon Systems. Building upon its reputation and expertise as an industry leader in the delivery of utility Demand Side Management (DSM) programs, CRI is now recognized throughout the utility industry for its excellence in providing professional and timely resource management services. CRI performs more than 10,000 QA/QC inspections annually throughout Massachusetts and Rhode Island. For its Connecticut clients, CRI has performed energy efficiency upgrades in more than 8,000 single and multifamily residential dwellings. Services also include comprehensive measures, including insulation, HVAC equipment, lighting fixture replacements and energy-efficient windows.
For more information, visit www.competitiveresourcesinc.com.