GFI Energy Ventures LLC Completes Sale of NORESCO to Carrier Corp.

GFI Energy Ventures LLC announced today the completion of the sale of its portfolio company, NORESCO, one of the largest providers of energy management and performance contracting services in the United States, to Carrier Corp., the world’s largest provider of HVAC and refrigeration solutions and a subsidiary of United Technologies Corp. NORESCO was previously owned by the OCM/GFI Power Opportunities Fund II, L.P., a private equity fund co-managed... 

Carrier Acquires Noresco to Expand Energy Solutions Capabilities

Carrier Corp., the world’s largest provider of heating, ventilation, air-conditioning and refrigeration solutions, and a unit of United Technologies Corp. has acquired Noresco, a leading independent energy services company. The acquisition was completed on Nov. 20. Terms of the deal were not disclosed. Established in 1984, Noresco has implemented thousands of efficiency and infrastructure upgrade projects that reduced energy and water consumption... 

Carrier Launches New Software for LEED EA Analysis

Carrier Corp., a subsidiary of United Technologies Corp. (NYSE: UTX ), has released version 4.40 of their E20-II Hourly Analysis Program (HAP) software. HAP v4.40 provides significant new features making Leadership in Energy and Environmental Design Energy and Atmosphere (LEED® EA) Credit 1 analysis faster and easier. Version 4.40 also greatly expands the “wizard” automation features so energy cost performance of heating, ventilation...