Fastest Growing Companies | $5M-$25M | 1st place
CEO (or equivalent): John J. Rizzo, CEO
2017 Revenue: $17,069,916
2015 Revenue: $4,828,850
Revenue growth: 253.5%
When ADI Energy LLC President and CEO John J. Rizzo was looking for a new opportunity in the energy field in 2002, he knew the business well, and figured out that efficiency delivered by careful design was going to drive the industry.
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Rizzo had been in the energy field since graduating college in 1986. With 16 years of knowledge in the industry and a willingness to take a risk, Rizzo started the company that would become one of the fastest-growing companies in Rhode Island and the country.
“I saw what was happening, and the opportunity was there,” Rizzo said.
The Smithfield company has since received several honors, including from the R.I. Office of Energy Resources at the inaugural Lead By Example Energy Awards ceremony in 2017. ADI Energy LLC has also been recognized for its achievements in renewable energy and energy efficiency.
Rizzo’s plan was to deliver higher-value projects to clients, using flexibility, clarity, cost-consciousness and customer focus that a small company can offer.
“We were dedicated to being a leader in the industry,” said Rizzo about the beginnings of the company. “We were laser-focused on the energy market.”
At first, ADI was an energy-services consulting firm. That expanded in 2008, when the company started to provide integrated design and build services and then, in 2011, ADI Energy became a comprehensive energy-services company.
ADI Energy is now billed as a specialized design and build energy engineering firm with an in-house project-execution company that builds and delivers complex capital projects to save companies money. ADI provides technical energy solutions, with design and engineering.
ADI’s growth has been recognized nationally and in Rhode Island. The company was recognized as one of the fastest-growing companies in America for the last five years and is an Inc. 5000 member.
Lockheed Martin also honored ADI Energy as its “subcontractor of the year” for its contribution to the company.
Included in the recent projects for ADI Energy are two major efforts in Massachusetts.
Holyoke Community College hired ADI to execute a major reduction of its carbon footprint, which it did with a $5.2 million Energy Conservation Project. The college was able to reduce its electricity and natural gas use, which allowed for a reduction of carbon emissions by 672 tons annually and nearly $200,000 per year in utility costs, according to the college.
ADI also completed a $103 million energy-efficiency program for the Bristol County Sheriff’s Office, working with the Enterprise Equipment Co. The project covered the New Bedford Ash Street Jail and Regional Lock-up, the Bristol County House of Corrections and the North Dartmouth Jail. In total, there were nine buildings included in the project, covering more than 400,000 square feet of secured facilities. Ash Street Jail is one of the oldest in the country, originally built in 1888.
The improvements are projected to save $650,000 annually, according to the Bristol Country Corrections’ press release. The project was completed three months ahead of schedule.
ADI Energy was also involved in a project at the U.S. Department of Energy’s James Forrestal Building in Washington, D.C., completing the construction of an LED lighting upgrade, cutting energy consumption by the affected lighting system by 45 percent and improving the life span of the equipment.
ADI Energy is a member of the National Association of Energy Service Companies, the leading national trade organization representing and promoting the energy-efficiency industry in the energy marketplace in the media, and the government of state and federal levels. ADI will support NAESCO in promoting energy efficiency and renewable-energy efforts for its customers.
“Our growth will be continuing,” said Rizzo.
