Utilitywise divisions acquired by energy consultancy

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.


Share this article



Latest Businesses for Sale

Fintech Company: Comparison of Trading Platforms for Traders
UK Wide

Extensively developed platform, generating a consistent stream of revenue from affiliate agreement commissions and contracted advertising packages. The company compares trading platforms operating in forex, stocks, crypto and commodities. Fully reloc...

Asking Price: Offers Invited
Turnover: £666,305

RELOCATABLE


Energy Management Specialists: Meter Readings & Efficiency Analysis
North West, UK

Specialist engineers providing a range of energy management services including the supply & maintenance of electricity billing meters energy reports & cost budgeting. Contracted to provide metering services on behalf of a major electricity distributi...

Asking Price: Offers Invited
Turnover: £830,000

Water Service Business
Barnstaple, Devon, UK Wide

The business in run and managed by our client with the help of one full time office member of staff along with 3 full time engineers. Over the years the business expanded to include the supply and installation of pumps and pressurised systems, PH cor...

Asking Price: £160,000
Turnover: £360,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
07
 
Aug
 

Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...

 
06
 
Aug
 

Leading UK tour operator Ski Weekends enters administration | ADMINISTRATION

One of the UK’s leading ski tour operators Harris Holi...

 
05
 
Aug
 

Pizza Express puts itself up for sale and looks to close 67 outlets | BUSINESS SALE

Pizza Express has announced that it is seeking a buyer for i...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
29
 
Jan
 

Utilitywise up for sale | BUSINESS SALE

Energy consultancy company Utilitywise has put itself up for...

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