Thu, 07 Sep 2023 | BUSINESS SALE
DCC Energy, the energy division of business support services firm DCC, has made five acquisitions since reporting its full-year results in May 2023. The deals, which include a solar firm based in Lancashire, form part of DCC's strategy of expanding its offering of lower-carbon products and building a leading energy management business.
The firm says that it has spent around €160 million (£137.2 million) on the acquisitions, which have expanded the Irish-headquartered group’s energy presence across the UK, as well as in mainland Europe and the USA.
In the UK, the firm has acquired Centreco, a Chorley-based business that was founded in 2014 and provides solar PV and energy consultancy services across the UK, to customers including commercial and industrial businesses.
In the EU, DCC has acquired Isolatiespecialist, a Netherlands-based provider of energy efficiency and insulation services to domestic and commercial customers, leading Norwegian solar PV firm Solcellekraft and French Solar PV and heat pump firm SLER40, which provides design, installation and maintenance services for domestic and commercial customers.
In the USA, meanwhile, the company has acquired propane distributor San Isabel Services Propane, which serves domestic and commercial customers in Colorado.
DCC said that the acquisitions were expected to deliver a mid-teen return on their capital outlay within the first full year of ownership. DCC Chief Executive Donal Murphy said that the deals demonstrated DCC Energy’s strategy and progress.
He commented: "As set out in May 2023, DCC Energy plans to double its adjusted operating profit by 2030 and our strategy will significantly reduce our customers’ carbon emissions. The world’s need for cleaner energy presents a huge opportunity for DCC Energy and we are making it happen.”
Find out more about the growing role of M&A in ESG strategies in this exclusive insight
The company provides expert and professional engineering services, including machining, welding, and fabrication. The company’s services include machine and plant installation, maintenance, servicing, upgrades, and repairs. The business also offers=s...
A great opportunity has arisen to secure this highly profitable civil engineering company based in North Wales which covers North Wales and the North West.
This independently run Heating Engineers delivers a variety of services to a wide range of clients in its local area. The business is both Gas Safe and Oftec registered, with excellent scope for further growth. They are often turning away work outsid...
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.