Tue, 09 Apr 2019 | BUSINESS SALE
Energy broker Utilitywise, which entered administration earlier this year in February, has sold its Energy Intelligence Centre (EIC) and T-Mac Technologies divisions to energy consulting firm The Monarch Partnership.
Led by managing director Brin Sheridan, all 130 members of staff from EIC and T-Mac will be transferred to The Monarch Partnership based in Surrey, bringing the total workforce to 250 people and a turnover of £20 million for the group.
T-Mac Technologies assists its clients by monitoring and reducing their energy consumption by providing management and intelligent building systems. Similarly, EIC caters to more than 1,000 businesses and organisations in the public sector by managing their energy and water consumption.
Utilitywise, headquartered in Newcastle, bought EIC in 2013 for £15.5 million and relaunched it soon after renaming and rebranding.
This acquisition by The Monarch Partnership was advised by legal firm Healys.
Chairman and chief executive of The Monarch Partnership, Peter Dosanjh, said: “We are building a premier utility consultancy focused on helping our customers to become fully sustainable energy users.
“Our depth and breadth of expertise is unrivalled, and we are now working with colleagues and clients across the organisation to integrate the businesses and become the UK’s leading intelligent utilities partner. It is great to have Brin on board and welcome EIC and T-Mac to the group.”
Sheridan commented: “Joining The Monarch Partnership family provides an exception platform to further grow our business and tap into the services of the whole group for our clients. We look forward to working with Peter and his team to fulfil those ambitions.”
For more news stories about acquisitions, click here. For all our business for sale listings, click here.
Offers the full scope of plumbing and mechanical services from domestic homes up to large-scale commercial buildings. Packages provided on a labour-only basis to a full supply and installation basis directly to clients or to other larger mechanical c...
LEASEHOLD
Operates several care homes which provide a safe and nurturing environment in which children can grow. Nine homes cater to the needs of children under the age of 18, while the tenth is designed to teach young people the skills required to live indepe...
LEASEHOLD
Established for circa 40 years. Provides a comprehensive range of services for the overall aim of surfacing roads and driveways, including: initial design planning, construction to prepare surfaces for work, drainage, kerbing and laying of asphalt an...
LEASEHOLD
|
09
|
|
Apr
|
Topshop flagship store up for sale | COMMERCIAL PROPERTY
Topshop's flagship Oxford Street store in London is dra...
|
09
|
|
Apr
|
Gestamp’s former Washington warehouse hits the market in £6.5m auction | COMMERCIAL PROPERTY
The former Washington base of international car parts manufa...
|
08
|
|
Apr
|
Decorating contractor targets acquisitions after MBO | MBO/MBI
Scottish commercial decorating contractor Bell Group has com...
Sign up to receive our acquisition alert emails to get your FREE guide
|
29
|
|
Jan
|
Utilitywise up for sale | BUSINESS SALE
Energy consultancy company Utilitywise has put itself up for...
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