World Energy Solutions, Inc. (NasdaqCM: XWES) was acquired by EnerNOC, Inc. (NasdaqGS:ENOC) on January 5, 2015. Duff & Phelps served as an independent financial advisor to the special committee of the board of directors of World Energy Solutions, Inc. and provided a fairness opinion in connection with the transaction.
EnerNOC made a tender offer to purchase all the issued and outstanding shares of World Energy Solutions for a cash consideration of $5.50 per share.
About World Energy Solutions, Inc.
World Energy Solutions, Inc. develops and operates a cloud-based platform, that provides energy management solutions to commercial and industrial businesses, institutions, utilities, and governments. The company was founded in 1996 and is headquartered in Worcester, Massachusetts.
About EnerNOC, Inc.
EnerNOC, Inc. provides energy intelligence software and related solutions for commercial, institutional, and industrial customers, as well as electric power grid operator and utility customers. The company was founded in 2001 and is headquartered in Boston, Massachusetts.