Inspired Energy acquires Informed Business Solutions in deal worth £4.25m

Tue, 11 Oct 2016 | BUSINESS SALE

Inspired Energy has acquired energy procurement and environmental services provider Informed Business Solutions in a purchase that could rise to £4.25m.

The Kirkham-based energy procurement consultancy bought Informed with £2.25m in initial cash and shares. An additional payment of £2m if certain performance criteria are reached.

The company cited the locality of Informed, also based in Kirkham, to its headquarters and anticipated that the purchase would increase sales and drive down costs as key reasons for the acquisition.

In a statement, Janet Thornton, chief executive of Inspired Energy, said: “We are delighted to conclude the acquisition of Informed, which is a highly complementary addition to the group's core corporate division. The acquisition broadens our customer base, further enhances our sector specialisms and strengthens our service offering within environmental consultancy.”

Inspired Energy has also revealed that as part of the acquisition, Michael Fletcher has been appointed as non-executive chairman. Mr Fletcher who has been on the Inspired Energy board since 2011, is a co-founder and managing partner of Praetura Capital, a business specialising in venture investment and corporate advisory. Mr Fletcher, according to Inspired Energy, has experience of mergers, acquisitions and corporate finance which fits well with Inspired Energy’s growth strategy.

Regarding the appointment of Michael Fletcher, Janet Thornton said: “We are delighted that Mike has agreed to step up to the chairman's role as he was integrally involved in the IPO, has been on the board as a non-executive director since 2011 and provides the board with strong counsel and support.”

The acquisition was funded from Inspired Energy’s existing financial resources with further funding being provided by Santander in a pre-arranged acquisition facility of £3.5 million.

For more energy businesses for sale click here


Share this article



Latest Businesses for Sale

Independent National Telecommunications Service Provider
UK Wide

Specialises in providing a range of reliable telecoms system maintenance and repair solutions, as well as expert telephony consultancy and full multi-site projects. Offers invited.

Asking Price: Offers Invited
Turnover: £540,000

RELOCATABLE


Electrical Compliance Specialist
South East, UK

Specialises in providing a comprehensive range of electrical compliance solutions for blue-chip clients located across the UK. Offers invited.

Asking Price: Offers Invited
Turnover: £3,000,000

LEASEHOLD


Varied Insulated Wire & Cable Products Manufacturer
UK Wide

Designs, develops and manufactures a broad range of cable solutions based on a diverse process capability that enables the company to provide cost effective, quality cabling solutions across various market sectors. Offers invited.

Asking Price: Offers Invited
Turnover: £1,450,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 
 
16
 
Feb
 

Historic hotel put up on the market | BUSINESS SALE

A historic hotel located in Haltwhistle, Northumberland has ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources