Tue, 08 Aug 2023 | BUSINESS SALE
York-headquartered cleantech firm Green Building Renewables (GBR) has continued its rapid growth with the acquisition of Hampshire renewables business Solar Voltaics. The company is the eighth renewables firm to join GBR and the firm looks set to continue growing acquisitively.
GBR provides renewable technology solutions via its network of local experts, offering air and ground source heatpumps, solar PV, EV charging, underfloor heating and battery storage. The acquisition represents part of its strategic plan of developing a solar energy offering across the country.
Following the acquisition, GBR has significantly boosted its network, which already included regional offices in York, Newcastle, Oxford, Doncaster, Scarborough, Daventry, Colchester, Wellingborough, Nottingham, Cambridge and Norwich. The deal follows a period of rapid growth for GBR, which, in the wake of the latest acquisition, says it has now grown its revenue from £3 million to £35 million over the past 18 months.
Solar Voltaics is based in Chichester and serves commercial clients in London and the rest of the UK, as well as residential customers across Hampshire, Dorset, Surrey, Sussex and Berkshire. The firm, which has more than 12 years of experience, provides renewable energy systems for businesses, homeowners and local authorities.
Commenting on the deal, GBR Managing Director Chris Delaney said: “We continue to grow our nationwide network by acquiring respected and reputable businesses like Solar Voltaics. The South Coast is known for its rich natural beauty and vibrant communities, making it an ideal location for Green Building Renewables to expand.”
Philip Fellowes-Prynne, CEO of GBR’s parent company Efficient Building Solutions, added: “Our mission is to lead the UK’s transformation to efficient, sustainable buildings. Green Building Renewables’ rapid growth and expansion in the last 18 months, from a turnover of £3m to £35m, reflects the demand for low-carbon and renewable technology in the UK.”
Fellowes-Prynne added that GBR was aiming to become the UK’s largest renewable installation firm and reach turnover of £100 million by 2024.
ESG is now a vital part of M&A - read more in this exclusive BSR insight.
Read about another GBR acquisition from earlier this year.
The company provides a fantastic opportunity to purchase a well established business that has been owned and operated by the current vendors since 2016. The business is operated from home and offers an excellent first business or a fantastic addition...
LEASEHOLD
For sale a successful IT company, a supplier of hardware, software peripherals and IT support services. It is based in the Midlands, UK although the client base is national. The services are aimed at the corporate, education and small to medium-sized...
Operating internationally, the company offers the development, hosting, and maintenance of electronic document management software. The business provides maintenance contracts, licences, installation, and training for its software.
FREEHOLD
27
|
Sep
|
Potential buyers sought as Dundee glazing firm enters administration | ADMINISTRATION
Logie Glazing and Building Services, a Dundee-based construc...
27
|
Sep
|
TalkTalk poised to sell £150m B2B division as part of demerger | BUSINESS SALE
As part of its planned demerger, telecoms giant TalkTalk is ...
27
|
Sep
|
Manufacturer expands materials handling division with acquisition | BUSINESS SALE
Wakefield-based machinery manufacturer Group Rhodes has acqu...
16
|
Jan
|
Renewables firm continues acquisitive growth and eyes further M&A activity | BUSINESS SALE
Green Building Renewables (GBR), a York-based low carbon and...
21
|
Mar
|
Kent Logistics provider completes a successful acquisition | BUSINESS SALE
A Kent-based personalised logistics provider, backed by Livi...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.