Ameresco, Inc. AMRC stock traded lower on Monday. The company announced the acquisition of ASA Controls, an Ohio-based company specializing in building automation and control systems.

The Details: With this acquisition, Ameresco expands its existing portfolio and solution offerings in the smart buildings sector. The financial details of the acquisition have not been released, but Ameresco does not anticipate that the deal will impact its 2025 fiscal results.

“We are thrilled to welcome ASA Controls to the Ameresco family,” said Lou Maltezos, President of Central & Western USA, Canada Regions at Ameresco.

“This acquisition aligns with our strategic goals and strengthens our ability to deliver innovative building automation solutions to our clients. The combined expertise and resources of our teams will enable us to tackle larger, more complex projects and drive significant value for our customers.”

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AMRC Price Action: Ameresco shares closed 10.5% lower at $10.56 on Monday, according to data from Benzinga Pro.

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