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Lime Energy Sells ESCO Services Business Unit to PowerSecure

HUNTERSVILLE, N.C.--(BUSINESS WIRE)--Lime Energy Co. (NASDAQ: LIME) announced today that Lime has sold certain assets of its wholly owned subsidiary, Lime Energy Service Company, constituting its energy service companies (ESCO) subcontracting business to PowerSecure, Inc. a subsidiary of PowerSecure International, Inc. (NASDAQ:POWR) for approximately $1.9 million in cash. PowerSecure also will assume approximately $9.9 million of net liabilities related to existing projects, resulting in an effective purchase price of approximately $11.8 million.