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ARAMARK Partners with Amerex to Enhance Environmental Stewardship
Press Release
BusinessWire
NOVEMBER 27, 2007PHILADELPHIAAgreement Includes Assistance for Purchasing Renewable Energy Credits That Promote the Development of Alternative Energy Solutions
ARAMARK Corporation, a world leader in providing professional services, today announced a national partnership with Amerex Energy Services to provide clients with an array of energy services, including the purchase of renewable energy credits (REC).
"Businesses and institutions nationwide are aggressively working to improve their environmental footprint - for themselves, for their customers, and for their communities," said Ron Mesaros, associate vice president of technical services for ARAMARK. "Together, ARAMARK and Amerex can offer these institutions more innovative ways to reduce their energy costs and complement their strategies for sustainability."
Holistic Approach to Help Streamline Energy Expenditures
ARAMARK, a world leader in providing professional services, provides comprehensive facility services for higher education institutions, school districts, health care institutions, and businesses throughout the United States. Its portfolio includes energy management program development, utility procurement analysis and strategies, and utility master planning. The company also provides central plant and utility infrastructure management, electrical and power distribution management, and building management, as well as building commissioning and construction management. The company maintains more than 1.6 billion square feet of facility space worldwide.
ARAMARK's energy management programs are a vital component of an institution's overall strategy toward environmental stewardship. Through its services, ARAMARK helps institutions calculate their carbon footprint, reduce reliance on fossil fuels, procure alternative energy, achieve LEED certification, and reduce greenhouse gas emissions.
Amerex Energy Services, a division of Amerex Brokers LLC, a wholly-owned subsidiary of GFI Group Inc. is a national energy consultant that works with retail electric providers and wholesale power suppliers to procure energy for its clients. The company provides a wide array of energy and energy-related financial tools to help its clients lower their energy costs. The company serves a global client network of more than 1,000 firms, including thousands of traders and risk management professionals.
Together, ARAMARK and Amerex will offer a broad portfolio of options to help businesses reduce energy use and cost-effectively procure energy resources. Services offered include conducting energy audits, developing energy reduction strategies, negotiating contracts with electricity and natural gas providers, training facility staff on energy efficiency, and providing ongoing insight into the energy market.
The companies will also assist institutions with the purchase of RECs. RECs represent units of energy expended by a business which, when purchased, are invested into renewable energy solutions such as wind power, water power and solar energy. A growing number of institutions are purchasing RECs as a way to minimize their impact on the environment and affect climate change.
Baylor University Reduces Energy Costs, Supports Alternative Energy Sources
ARAMARK and Amerex recently partnered with Integrys Energy Services Inc. and Credit Suisse Group to help Baylor University negotiate a ground breaking 10-year power deal that will save more than $2 million of the $13.5 million the university spends annually on electricity for the 735-acre campus. The agreement includes the finance and support of wind-generated electricity, support for the development of wind farms in Texas, and the development of alternative energy sources in higher education. For its efforts, Baylor received a "2007 Award for Innovation" for the National Association of College and University Business Officers.
"The new energy contract at Baylor is a breakthrough agreement for universities looking for creative ways to remain good stewards to their communities," added Mesaros. "This national partnership will allow ARAMARK and Amerex to bring critical energy management knowledge and insights to other institutions throughout the United States."
About ARAMARK
ARAMARK is a leader in professional services, providing award-winning food services, facilities management, and uniform and career apparel to health care institutions, universities and school districts, stadiums and arenas, and businesses around the world. In FORTUNE magazine's list of "America's Most Admired Companies," ARAMARK has consistently ranked as one of the top three most admired companies in its industry as evaluated by peers and industry analysts since 1998. The company was also ranked first in its industry in the 2007 FORTUNE 500 survey. Headquartered in Philadelphia, ARAMARK has approximately 240,000 employees serving clients in 18 countries. Learn more at the company's Web site, www.aramark.com
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