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

Bakery
North East, UK

Specialises in the provision of a range of premium pastries, hot and cold snacks, speciality cakes and freshly baked breads for major supermarkets and local businesses across the North East. Highly skilled and experienced workforce whose professional...

Asking Price: Offers Invited
Turnover: £1,900,000

LEASEHOLD


Off-Licence & Convenience
Ibstock, Leicestershire, UK Wide

The business has been operated by the current vendors for over 25 years and this is the first time the site has been advertised on the open market for over 100 years. The business has built up an enviable reputation throughout the area for quality an...

Asking Price: £450,000
Turnover: £751,000

FREEHOLD


MOT Test Centre/Vehicle Repair Business
Staffordshire, UK Wide

Well-established and very popular MOT station and vehicle repair business Staffordshire. The business was established by our client in 2005 and is only now being offered to the market due to our clients’ desire for change of direction and to concentr...

Asking Price: £450,000
Turnover: £319,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Aug
 

Payroll and HR companies acquired by software group | BUSINESS SALE

IRIS Software Group has finalised the agreement of intent to...

 
14
 
Aug
 

NG Bailey’s acquisition of Freedom boosts its turnover by 16 per cent | BUSINESS SALE

Engineering and services group NG Bailey’s strategic a...

 
13
 
Aug
 

Forensic science equipment supplier completes MBO | MBO/MBI

A private equity firm has backed the management buyout of a ...

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