Wed, 18 May 2011 | BUSINESS SALE
Centrica has acquired a family-run property maintenance and repair business for £30 million.
The parent company of British Gas, Centrica, has purchased PH Jones in a bid to expand its Community Energy division. Started by Phil Jones and his wide Brenda from their garden shed in Cheshire in 1963, PH Jones has been in the family for almost 50 years.
Now, following the couple's retirement, they have sold two thirds of the firm to Centrica, whilst their sons continue to run the remaining utility services division, which boasts a yearly turnover of £15 million.
PH Jones currently provides central heating services and repairs to around 250,000 properties, alongside installing more than 8,000 central heating systems a year.
Managing director of British Gas Community Energy Betsy Bassis, said, “The acquisition of PH Jones significantly accelerates our growth strategy.
“PH Jones is a successful, profitable company in this sector and combining its strengths with those of British Gas will deliver important benefits for our customers,” she added.
The acquisition will also help social housing organisations to lower resident's carbon emissions, fuel bills and energy usage, says British Gas.
This is a rare opportunity to acquire a highly profitable retail brand in the West Midlands, known for its premium hand and power tools and a loyal repeat customer base.
This is a rare opportunity to acquire a highly profitable civil engineering firm with over four decades of experience and a strong brand reputation in weighbridge pit installation and groundwork services.
This is a rare opportunity to acquire a multi award-winning cheesemongers business in the North of England, known for its high-quality cheeses and deli products.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.