Heritage Sustainability Investments LLC, a subsidiary of The Heritage Group, has purchased a minority stake in ClimeCo LLC, an enviormental consulting company. ClimeCo expects this alliance to expand its staffing and project investments, allowing it to better assist companies focused on implementing solutions that meet their sustainability goals.
“The synergies are endless,” said Bill Flederbach, president and CEO of ClimeCo. “It is clear that our two firms can create incremental value together. I am proud to have Heritage as an investor in ClimeCo! This alliance allows us to enter 2021 with a great partner, a strong balance sheet, and fresh investment capital as we continue to lead in sustainability and the low carbon economy.”
“We have been engaged with the ClimeCo team for years, and when an opportunity was presented to support further growth, we were excited to invest in Bill and his team,” said Chad Peterson, president of Heritage Sustainability. “We believe this investment will not only help grow Climeco but also provide a unique opportunity to service Heritage customers who are focused on improving their overall carbon-related goals.”