BNET Industries

Lime Energy Co.

(LIME) is in the Manufacturing Industry

Market Cap:$103.3M
Last Fiscal Year Sales:$57.2M
  • Public
  • US
Dow Jones Description

Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy's clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME.

Chief Executive Officer
David R. Asplund
Number of Employees 258
Contact Information

1280 Landmeier Rd

Elk Grove Village, Illinois 60007-2410

www.lime-energy...

(847) 437-1666

NAICS Code All Other Miscellaneous Electrical Equipment and Component Manufacturing: 335999

Recent Events

  • Lime Energy LIME Posts Q3 EPS of $0.26, Beats Y/Y; Guides

    11/12/09 - Financial Announcement - View Story

  • Canaccord Adams Initiates Coverage on Lime Energy LIME with a Speculative Buy; "One-Stop Shop" for...

    10/09/09 - Bond / Stock Rating - View Story

  • Roth Capital Initiates Coverage on Lime Energy LIME with a Buy

    10/02/09 - Bond / Stock Rating - View Story

  • Stephen Glick Joins Lime Energy's Board of Directors

    7/13/09 - Board Member - Entering - View Story

Decision Makers

Name (plus bio) Position
David R. Asplund Chief Executive Officer
Daniel W. Parke President
Gregory T. Barnum Vice President of Finance and Cfo of Datalink Corporation
Jeffrey R. Mistarz Executive Vice President, Chief Financial Officer, Treasurer and Corporate Secretary
John O'Rourke COO
Anna M. Baluyot Senior Vice President, Utility Development
Brad Boyett Senior Vice President, Southwest Region
David R Krueger Senior Vice President, Western Region
Chris Barbary Vice President of Technology
Dom Walterspiel Senior Accounting Executive, Western Region
Gene Borucki
Sharon Chaffin
Michael Stelter Director
W.R. Carey, JR. Director

Board of Directors

Name (plus bio) Position
Richard P. Kiphart Chairman
Christopher W. Capps Board of Directors
David Valentine Board of Directors
Francis Desmond Joseph Board of Directors
John Bukovski Board of Directors
Joseph F. Desmond Board of Directors
Robert D Wagner Board Director
Stephen Glick PhD Board of Directors
William R. Carey Board of Directors

Organization Position Status
Maximum Performance Group Chief Executive Officer Current
Kapadia Energy Services Chief Executive Officer Current
Lime Energy Co. Chief Executive Officer Current
Lime Energy Co. Board of Directors Current
Agenet, Inc. Director Current
The Bear Stearns Companies Inc. Senior Managing Director Former
University of Minnesota Bachelor of Science Degree In Mechanical Engineering Former
University of Minnesota Degree In Mechanical Engineering Former
FINRA member Former

Organization Position Status
Lime Energy Co. President Current
Maximum Performance Group President and Chief Operating Officer Current
Kapadia Energy Services President and Chief Operating Officer Current
Lime Energy Co. Board of Directors Current
B&C Corporation Former
Azusa Pacific University Degree Former

"Greg joined Datalink as vice president of finance and chief financial officer in February of 2006. From 1997 to June 2005, he was vice president of finance, chief financial officer and corporate secretary of Computer Network Technology Corporation. From September 1992 to July 1997, Greg served as senior vice president of finance and administration, chief financial officer and corporate secretary at Tricord Systems, Inc. From May 1988 to September 1992, Greg served as the executive vice president of finance, chief financial officer, treasurer and corporate secretary for Cray Computer Corporation. Prior to that time, Greg served in various accounting and financial management capacities for Cray Research, Inc. Greg is a graduate of the University of St. Thomas.

Organization Position Status
Datalink Corporation Chief Financial Officer Current
Lime Energy Co. Vice President of Finance and Cfo of Datalink Corporation Current
Datalink Corporation Vice President of Finance Current
American Institute of Certified Public Accountants Certified Public Accountant and Member Current
Lime Energy Co. Board of Directors Current
Wireless Ronin Technologies Inc. Board of Directors Current
Maximum Performance Group Board of Directors Current
Kapadia Energy Services Board of Directors Current
Cray Computer Corp Former
University of St. Thomas Former

Organization Position Status
Maximum Performance Group Chief Financial Officer Current
Kapadia Energy Services Chief Financial Officer Current
Lime Energy Co. Executive Vice President, Chief Financial Officer, Treasurer and Corporate Secretary Current
Maximum Performance Group Board of Directors Current
Kapadia Energy Services Board of Directors Current
Lime Energy Co. Board of Directors Current
NU-Con Ltd Chief Financial Officer Former
Lime Energy Co. Assistant Secretary Former
First Chicago Corporation Former
JPMorgan Chase & Co. Former
University of Miami Bachelor of Arts Degree In Finance Former

Organization Position Status
Lime Energy Co. COO Current

Organization Position Status
Lime Energy Co. Senior Vice President, Utility Development Current
MWH Global, Inc. Vice President Former
MWH Global, Inc. Senior Financial and Management Consultant Former
Indiana University Master of Public Affairs Former
Loyola University Chicago Bachelor of Science Degree In Biomedical Engineering Former

Brad Boyett has been in the energy conservation business for over 29 years. He has worked on projects including lighting upgrades and new construction design, solar window film, HVAC upgrades, Energy Management Systems, commissioning of building systems and Reflective Roofing Technologies. He has worked with various rebate programs all over Texas to help his clients receive utility incentives. He was a pioneer in the lighting and solar film business with Austin Energy's rebate program in the early 80's and has completed over 200 projects in Austin alone. Brad has also helped several companies receive Energy Star status from the EPA. He was involved with the design and implementation for the Centex Homes corporation headquarters in Dallas Texas. They received a score of 99 from the EPA's Energy Star Program. This is the highest score achieved by any commercial building in the U.S. Before joining Lime, Brad renamed his company to Texas Energy Products in 1980 and sold it in 1988 to Parke Industries based in Glendora, California. He worked as the Southwest regional manager for Parke for 11 years in Texas. Parke was sold to SRS, a division of Carolina Power and Light in 1998. After reestablishing Texas Energy Products in February 2002, Brad worked to add some additional services to their Energy Services menu. Brad is an active member of NTAEE, AAFAME, BOMA Austin and AEE Austin/San Antonio Chapter.

Organization Position Status
Lime Energy Co. Senior Vice President, Southwest Region Current

Organization Position Status
Maximum Performance Group Senior Vice President, National Operations Current
Lime Energy Co. Senior Vice President, Western Region Current
Kapadia Energy Services Senior Vice President, National Operations Current
University of California, Santa Barbara Bachelor of Arts Degree In Economics Former

Mr. Barbary has been in the energy related business for the last 29 years. He started his career with Allied Chemical Corporation as an Industrial Controls Engineer. In this role he received hands on experience relative to the operation and maintenance of sophisticated Building Management and Industrial Process Controls. He leveraged this position into a career at Creighton University as the Head of Technical Engineering. This experience gave him insight into the challenges the end user can face utilizing complex, proprietary EMS Systems. Subsequent to his Creighton experience Mr. Barbary held positions of increasing responsibility in the Engineering and Operations Groups at Honeywell, Inc. and Johnson Controls, Inc. Based upon his success he was recruited by San Diego Gas and Electric as the Sr. Project Engineer in the DSM Department to manage a $20,000,000 EMS retrofit project at Marine Corps Base Camp Pendleton. At the conclusion of this project Mr. Barbary followed his entrepreneurial skills to become the Director of Product Development and Technical Support for Pentech Solutions and then Maximum Performance Group. In this role he was a core member of the initial eMAC product development team in 2000. He was also responsible for overseeing field deployment and product support for the eMAC product offering. Currently, as the VP of Technology for Lime Energy, his role is to lead product development, technical support and manufacturing management.

Organization Position Status
Lime Energy Co. Vice President of Technology Current

Organization Position Status
Lime Energy Co. Senior Accounting Executive, Western Region Current

Organization Position Status
Lime Energy Co. Current

Great Falls IcePlex proudly welcomes Sharon Chaffin as the new Concessions Manager. Sharon grew up in Minneapolis, Minnesota where her love for hockey began. She has 3 children, twin daughters and a son, and 2 wonderful grandchild. She has a great husband, Bill, who helps her out with the concessions whenever he can. Sharon moved to Great Falls in 1980 and has managed the concessions at the Multi Sports Complex for 4 years and at the Electric City water Park for 2 years.

Organization Position Status
Great Falls Community Ice Foundation Concession Manager Current
Lime Energy Co. Current

Organization Position Status
SAFLINK Corporation Lead Independent Director Current
William Blair Capital Partners Head Current
William Blair & Company LLC Principal Current
William Blair & Company, L.L.C. Head of the Corporate Finance Department Current
SAFLINK Corporation Director Co-Chairman of the Board, Lead Independent Director Current
Lime Energy Co. Chairman Current
Kapadia Energy Services Chairman Current
Maximum Performance Group Chairman Current
Emmi Solutions, LLC Board of Directors Current
Data, Inc. Board of Directors Current
Advanced Biotherapy, Inc. Director Current
Nature Vision, Inc. Director Current
SAFLINK Corporation Director Current
Lime Energy Co. Board of Directors Former
First Data Corporation Director Former
Harvard Business School MBA Former
Dartmouth College B.A. Former

Organization Position Status
Lime Energy Co. Board of Directors Current

David W. Valentine has been one of our directors since May 2004. Mr. Valentine is currently the chief operating officer and a founding principal of Victory Park Capital, a private investment firm. Prior to co-founding Victory Park, Mr. Valentine served as the portfolio manager of Private Investments for a Chicago-based hedge fund as well as the Global Head Debt Private Placements for UBS Investment Bank. Prior to UBS, Mr. Valentine held several investment banking positions at ABNAMRO and Harris Nesbitt. Mr. Valentine also serves on the board of directors for Innovomed, Inc., Advanced Biotherapy, Inc. and Trustwave, Inc. He is also on the board of directors of a Washington DC-based advocacy group, the Friends of the Global Fight Against Aids, Tuberculosis, and Malaria. Mr. Valentine is the son-in-law of Richard Kiphart, our chairman.

Organization Position Status
Victory Park Founder Current
Ambirontrustwave Limited Board of Directors Current
Lime Energy Co. Board of Directors Current
Advanced Biotherapy, Inc. Board of Directors Current
First Data Corporation Former
ABN AMRO Holding N.V. Former
Lime Energy Co. Chair Former
Harvard Business School M.B.A. Former
Dartmouth College B.A. Former

Organization Position Status
Lime Energy Co. Board of Directors Current

John C. Bukovski has been one of our directors since January 2004. From January 1992 until his retirement in January 2002, Mr. Bukovski was the Senior Vice President and Chief Financial Officer of Commonwealth Edison Company, the largest subsidiary of Unicom (now Exelon) Corporation. During his thirty-seven year career with Commonwealth Edison Mr. Bukovski held a variety of management positions within the company. During the 1990's Mr. Bukovski served on the Board of Directors of Northwestern Memorial Hospital in Chicago, Illinois.

Organization Position Status
Lime Energy Co. Board of Directors Current
Commonwealth Edison Corp. Chief Financial Officer Former
Commonwealth Edison Corp. Senior Vice President Former
Exelon Corporation Former
Northwestern Memorial HealthCare Board of Directors Former

Array

Organization Position Status
Northernstar Natural Gas Inc Senior Vice President, External Affairs Current
Maximum Performance Group Board of Directors Current
Kapadia Energy Services Board of Directors Current
Halo Funds Board of Directors Current
Lime Energy Co. Board of Directors Current
Infotility, Inc. Chief Executive Officer Former
Infotility, Inc. President Former
Taunton Municipal Lighting Plant Inc. Marketing and Demand Planning Administrator Former
California Energy Commission Chairman Former
Northeastern University Bachelor's Degree In Business Administration Former

Michael S. Stelter is one of our co-founders and has been one of our directors since our incorporation in June 1998. Currently, Mr. Stelter is employed by and a part owner of Switchboard Apparatus, Inc., which was divested by Electric City effective May 31, 2003. Since our organization as a limited liability company in December 1997, through May 2003, Mr. Stelter served as our Vice President of Switchgear Sales. Mr. Stelter was our Corporate Secretary from June 1998 until October 2000. From 1986 until May 1999, Mr. Stelter served as Vice President of Marino Electric.

Organization Position Status
Lime Energy Co. Director Current

Organization Position Status
Rivington Capital Advisors, LLC Advisory Director Current
Conscious Business Institute, LLC. Banker Current
Arc Comfort Systems USA, Inc. Director Current
Rivington Capital Advisors, LLC Board of Directors Current
Lime Energy Co. Board Director Current
Blue Dolphin Energy Company Board Director Current
Atlas Air Conditioning Co Director Current
Batchelor's Mechanical Contractors, Inc. Director Current
First City National Bank Executive Vice President Former
M2 Capital Partners, LLC Managing Director Former
Capital Partners, Inc. Managing Director Former
M2 Capital Partners, LLC Partner Former
Capital Partners, Inc. Partner Former
Rivington Capital Advisors, LLC Principal Former
Comfort Systems USA, Inc. Governance and Nominating Committee Chairman Former
Comfort Systems USA, Inc. Board of Directors Former
College of the Holy Cross Graduate Former
New York University Masters Degree In Finance Former
College of the Holy Cross Degree In History Former

Organization Position Status
Lime Energy Co. Board of Directors Current

W. R. Carey, Jr., has served as a director of Kforce since October 1995. He is currently the Chairman and Chief Executive Officer of Corporate Resource Development, Inc., an Atlanta, Georgia based sales and marketing consulting and training firm which began in 1981 and assists some of America's largest firms in design, development and implementation of strategic and tactical product marketing. Carey is the National Chairman of the Council of Growing Companies and has served on the Board of Directors of Lime Energy Corp. since March 2006. Carey previously served on the Board of Directors of Outback Steakhouse, Inc. from 1992 to June 2007.

Organization Position Status
OSI Restaurant Partners, Inc. President Former
Lime Energy Co. Director Current
OSI Restaurant Partners, Inc. Board of Directors Current
Kforce Inc. CEO Former
OSI Restaurant Partners, Inc. Founder, Corporate Resource Development Former
Kforce Inc. Corporate Resource Development Former

William R. ( Max ) Carey, Jr. has been one of our directors since March 2006. Mr. Carey is the chairman of the CRD Companies: CRD, CRD Capital, and CRD Analytics, which he founded in 1981. He is also a managing director of Entrepreneur Equity Corporation, an insurance broker that creates specialty products for middle market companies. Mr. Carey also serves on the boards of Kforce, Inc., Crosswalk.com and J.B. Hanauer & Co., and is a founding board member of Crosswalk.com.

Organization Position Status
Crosswalk.Com, Ltd. Board of Directors Current
Lime Energy Co. Board of Directors Current
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     LIME $4.40 +0.42 (10.55% )
Average Volume 148,582
Shares Outstanding 23.49M
Market Cap 103.4M
Year High 8.94
Year Low 3.01
Earnings Per Share -1.02
P/E Ratio -4.31
Dividend N/A
Yield N/A
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