Ameresco, which designs and installs projects that reduce energy and operations and maintenance (O&M) costs, announced terms for its IPO on Tuesday. The Framingham, MA-based company plans to raise $130 million by offering 8.7 million shares at a price range of $14-$16. At the mid-point of the proposed range, Ameresco will command a market value of $701 million. Ameresco, which was founded in 2000 and booked $429 million in sales last year, plans to list on the NYSE under the symbol AMRC. BofA Merrill Lynch is the lead underwriter on the deal, which is expected to price the week of July 19th.
