ERM acquires energy and water advisory firm Coho
Pureplay sustainability consultancy ERM has acquired advisory firm Coho for an undisclosed fee. The purchased firm has a deep expertise in helping organisations reach their climate change, renewable energy and water resiliency goals.
Originally based in Washington DC, Coho has a global team of more than 50 professionals, providing climate advisory services to help clients navigate complexity and take ambitious steps on their sustainability journey. The company offers market insight, analytical problem-solving, and change management expertise, and has previously served over 60 companies, helping them contract for approximately 7 million MWhs of renewable energyannually – enough to power over 650,000 homes and drive over $5 billion of new investment in renewable energy projects.
Gary Farha, Founder and CEO at Coho, commented, “At this pivotal point in our evolution, we are looking forward to accelerating our impact on the market and climate. Through joining ERM we are expanding the reach of our services globally, to both new and existing clients. This is an exciting time for our team to further develop, personally andprofessionally, by joining the market leader in the business of sustainability.”
The acquisition will provide ERM’s clients with further support to deliver their climate goals and realise the commercial opportunities presented by decarbonisation and wateroptimisation. In particular, combined with ERM’s own strategic transformation andtechnical delivery capabilities, the purchase of Coho will help clients to procure renewable energy; achieve electric vehicle transition, fuel switching, and supply chain improvements; and capture fundamental enhancements in water resiliency.
Susan Angyal, Regional Chief Executive Officer for North America at ERM, added, “At a time when commitments such as the Inflation Reduction Act present a historic opportunity to build a new clean energy economy, we are delighted to welcome Coho’s specialist climate, renewable energy and water consulting expertise to ERM. We’re looking forward to working with the team to develop and implement customizable and cost-effective solutions aimed at helping our clients to achieve their sustainability goals.”
ERM is the world’s largest pure play sustainability consultancy. Over the past decade, ERMhas been expanding at pace, accelerated by a buy-and-build strategy that saw over 20 acquisitions join its ranks since 2010. The firm now boasts a global team of more than 7,000 experts in over 170 offices across 39 countries, making it one of the largest independent sustainability consultancies in operation.
The purchase of Coho is the latest addition to ERM’s portfolio, as it looks to diversify its offering. Recently, this also saw the firm purchase the Libryo platform, helping it provide an AI emissions monitoring digital solution, which draws on engineering principles andanalytics to identify hidden operational inefficiencies to help decarbonise operations andreduce emissions, energy and fuel costs.
