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Fidelity BSG Acquired PCE to Expand Energy, Sustainability Sector

Fidelity BSG Acquired PCE to Expand Energy, Sustainability Sector

Fidelity Building Services Group (Fidelity BSG) has acquired Power of Clean Energy (PCE) as part of its strategic expansion in the energy and sustainability sector.

Financial terms of the transaction were not disclosed.

With core markets being commercial, industrial and institutional facilities, the goal of Fidelity BSG is to transform buildings into “energy-efficient, sustainable and healthy environments.”

“Power of Clean Energy is a visionary company that looks at the energy needs of its customers through a futuristic lens to provide long-term sustainable solutions that will positively impact customer bottom lines and our environment,” says Dan Weeden, president of Fidelity Energy & Sustainability.

PCE, headquartered in Nashville, TN, offers energy transition planning and project implementation to help facilities lower energy consumption, reduce costs, improve efficiency and meet sustainability goals. The company primarily serves customers in the healthcare, education, commercial real estate and religious institution sectors.

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Fidelity BSG Power of Clean Energy

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.