Tue, 23 Jul 2024 | BUSINESS SALE
Green Building Renewables (GBR), an energy solutions provider based in York, has expanded with the acquisition of a company based on the southern coast of England, keeping it on track to achieve nationwide coverage by the end of the year.
The acquisition of Poole-based H2ecO Limited is GBR’s 14th in total and the 12th completed under its current buy-and-build growth strategy. Since it was formed in 2021, GBR has grown from a single office in York to 16 across England. The company is aiming to become the leading green technology installation business in the UK by the end of 2025.
H2ecO Limited provides solar, solar thermal, battery storage, mechanical ventilation with heat recovery (MVHR) and heat pump technology to domestic and commercial properties across Dorset, Wiltshire and Somerset. It also operates an onsite training facility, complementing GBR’s industry training ambitions.
According to GBR, the acquisition is another significant step in broadening both its geographical reach and technology portfolio.
GBR Managing Director Chris Delaney said that the quality of H2ecO’s work and renewables expertise “speak for themselves” and that the deal enables the group “to expand our operations into a new region of England.”
He continued: “The South Coast is a prime location for homeowners and businesses alike to reap the benefits of renewable technologies in the UK. We look forward to enabling more people in this region to improve the performance of their properties.”
H2ecO co-founder Michael Stephenson commented: “The acquisition by Green Building Renewable secures the future of our company and allows our team to become a part of something bigger at a time when renewable energy and improving the performance of buildings within the UK has never been more important.”
GBR CEO Alex Payne added: “Our buy-and-build strategy to assemble the best renewable technology experts across the county is allowing us to accelerate our market growth effectively and collectively develop industry-leading capabilities that others will not match.”
“We’ve now acquired 14 companies and adding H2ecO to Green Building Renewables’ network is a perfect example of the high calibre of people we’re bringing into and growing our business with.”
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