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.
The company has been a pioneering provider of retail EPOS software for over 25 years, with its proprietary software spanning both the retail and hospitality sectors, and a recent acquisition of cutting-edge hospitality solutions, this opportunity inc...
This well-established business offers a unique acquisition opportunity with its bespoke, high-quality wine-related accessories and strong market position in the UK and international B2B sectors. Its longstanding relationships with high-profile custom...
FREEHOLD
This business provides a unique opportunity to acquire a well-established company specialising in bespoke MFC cabinet products, benefiting from strong regional reputation and long-standing customer relationships across multiple sectors. With a skille...
28
|
Aug
|
Electrical services business acquired by energy and compliance provider | BUSINESS SALE
CLP Group FS, a Widnes-based electrical services provider, h...
28
|
Aug
|
"Highly specialised" IP up for sale as photonics and quantum technology firm collapses | ADMINISTRATION
Administrators are seeking a buyer for the business and asse...
27
|
Aug
|
Sale recruitment firm to explore acquisitions after MBO | MBO/MBI
A recruitment firm based in Sale has undergone a £5 mi...
25
|
Mar
|
British Gas owner Centrica acquires Nabuh Energy as it targets return to growth | BUSINESS SALE
Sheffield-based energy firm Nabuh Energy, which has recently...
09
|
May
|
Centrica puts its three larger power stations on the market | DIVISION SALE
Owner Centrica has placed the Langage power station, that si...
29
|
May
|
Firefighting company dials for rescue | BUSINESS NEWS
AssetCo, the global fire and rescue services business, is it...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.