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

Iconic British Motorcycle Manufacturer
Oxfordshire, South East, UK

Hand built in their workshop in Oxfordshire and delivered to enthusiasts and collectors all over the world, this is a fantastic and very rare opportunity to take on a truly iconic brand and develop the business to bring out the full potential that br...

Asking Price: £3,750,000
Turnover: £500,000

RELOCATABLE


Recruitment Company: Transport, Logistics & Warehousing Sectors
North West, UK

Offers a comprehensive employment process to ensure all candidates are qualified and meet the required safety and licence checks. Offers invited.

Asking Price: Offers Invited
Turnover: £3,200,000

LEASEHOLD


Business Resilience Continuity Consultancy
London, UK

Provides a range of specialist consultancy through planning, training and exercising, with a focus on crisis management and business resilience and continuity. Offers invited.

Asking Price: Offers Invited
Turnover: £713,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Jun
 

Equity funding reaches record high for SMEs | BUSINESS NEWS

As investment rises outside of the capital, small businesses...

 
14
 
Jun
 
 
13
 
Jun
 

Sipp firm with a total investment value of £130m enters administration | ADMINISTRATION

GPC Sipp Limited, a firm specialising in providing technical...

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