Monday, December 12, 2011
Reznick Group Acquires Think Energy, Inc.
BETHESDA, Md.--(Solar Energy News)--Reznick Group, P.C., a top 20 national CPA firm, today announced the acquisition of the technical consulting firm Think Energy, Inc. The new entity will be called Reznick Think Energy, LLC and will be brought under the Reznick Group masthead. Leveraging Think Energy’s technical experience in clean energy, sustainability, and energy efficiency, the new subsidiary will provide a range of services including investor due diligence, on-site renewable energy feasibility assessments, procurement management, technology assessment, and permitting support.
“The team at Think Energy brings a tremendous skill set and history of success that is a perfect fit for Reznick Group’s proficiency in accounting, tax, and business advisory services,” said Tim Kemper, Reznick Group’s Renewable Energy Practice Leader. “We can now truly offer our clients a one-stop-shop for clean energy expertise covering the entire project life-cycle.”
Think Energy CEO Mark Crowdis will lead the new group, and brings 20 years of experience in sustainability and renewable energy and a strong track record of successful projects for a range of entities. Think Energy’s projects cover the gamut from managing the procurement of large solar projects for the Los Angeles Unified School District, to developing green power programs in China for the World Bank, to developing a plan for distributed generation assets for the North American facilities of Toyota Motor Sales, U.S.A., Inc. (Toyota).
“We chose Think Energy because of their 11 year track record and unparalleled expertise in renewable energy,” said Jim Cooke, National Facilities Operations Manager of Toyota. “Through their work to-date, they have helped Toyota implement over seven clean energy projects in an efficient and cost effective manner, with at least four more under consideration.”
Reznick Think Energy will work closely with Reznick Group’s renewable energy practice, a national leader in the rapidly-growing renewable energy sector that advises clients on tax and structuring issues. The combination offers clients technical and public policy experience, extensive market knowledge, and the financial know-how to help them succeed through the entire life cycle of their project or initiative. Tax issues have become fundamental to any large-scale renewable energy project and choosing the optimal structure is one of the most important determinants of their viability and profitability. The addition of Reznick Think Energy will also complement Reznick Capital Markets, which works with project developers to identify and secure capital, making Reznick Group’s suite of renewable energy services one of the most comprehensive in the country.
About Reznick Group
Reznick Group is a top 20 national public accounting firm providing accounting, tax and business advisory services to clients nationwide. The firm's industry experience includes affordable housing, financial services, renewable energy, professional services, commercial real estate and technology.
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