Willdan to acquire Onsite Energy Corporation
Anaheim-based engineering and consulting firm Willdan Group has announced its intention to acquire Onsite Energy Corporation, a Carlsbad, California firm that delivers energy efficiency and project implementation services.
Founded in 1982, Onsite Energy helps industrial facilities clients upgrade their energy efficiency. The consulting firm evaluates operations and recommends cost-effective energy efficiency projects, manages and implements those projects, and then measures and verifies the savings. Onsite also helps industrial clients negotiate for maximum incentive and energy rebates in California.
The firm’s team of engineers, project managers, and developers work with numerous S&P 500 industrial customers. Onsite had revenues of approximately $20 million in 2018.
The firm has now been acquired by Willdan, as the nationwide consultancy looks to further bolster its energy practice. Willdan delivers technical and consulting services to utilities, government, and private industry, with offerings across energy efficiency, electric grid solutions, planning and engineering, and municipal financial consulting. The firm has a heavy presence in New York and California, and has a team of more than 800 employees.
“The industrial sector represents nearly 45% of all facility energy use in the U.S., and is a market we currently do not address,” Tom Brisbin, Willdan’s CEO and chairman, said. “By combining Onsite Energy’s knowledge of industrial customer needs, and our innovative software and engineering, we believe we can significantly expand into this market.”
Willdan has made a series of acquisitions to strengthen its energy practice over the past year. In March, the company acquired EYP’s energy practice The Weidt Group, which offers services in energy design assistance, benchmarking, building performance, and energy software. In 2018, Wildan absorbed energy engineering and sustainability firm Newcomb Anderson McCormick, and Lime Energy, a provider of energy efficiency programs to many of the largest municipalities in the US.
“As a part of Willdan, we’re excited to offer our customers more comprehensive engineering, broader technical services, and national reach,” Rich Sperberg, Onsite Energy’s president, said. “Our customers will immediately benefit from the deeper capabilities of the combined companies.”
The transaction is expected to close later this month, subject to closing conditions and contract novations.
