Energy merger creates new integrated power firm

Mon, 14 Nov 2016 | MERGER

Plymouth energy firm IU Energy has merged with Amer, the mechanical and electrical engineering specialists, to create a new integrated power firm for the UK.

The newly-merged company will continue to operate under the IU Energy brand and will provide energy consulting, procurement, installations and maintenance across the UK.

As a result of the deal Amer directors Liam Reed and Ben Thomas become directors of the new company, alongside chief executive officer Duncan Banks and managing director Chaz Lawrence.

The two businesses celebrated their merger at a special event at Plymouth University last week.

Amer’s experience in the agricultural, education, industrial and manufacturing sectors “fits very well” with IU Energy’s consulting and energy management capabilities, the firm said.

Duncan Banks, chief executive at IU Energy, said: "This deal will further differentiate us in a noisy energy market where organisations are seeking trusted partners whose performance improves profits. This merger puts us in a great place to accelerate our growth plans, which will certainly include further mergers and acquisitions."

Professor Judith Petts CBE, vice-chancellor of Plymouth University, added: "As a university that has been renowned for its green credentials for more than two decades, we share with IU Energy a commitment to corporate social responsibility. We are delighted that they are growing through this new merger.

"Having taken on a number of our alumni through our internship programmes in recent years, we hope that this will create new and exciting opportunities for our graduates."

Find business for sale.


Share this article



Latest Businesses for Sale

Contemporary Bar & Bistro
Lancashire, UK Wide

The business for sale is a highly contemporary bar and bistro serving an array of high quality, locally sourced and freshly prepared food and drinks with a great environment. Great reputation in the area for food and live music. Has built up a reliab...

Asking Price: £99,950
Turnover: £450,000

LEASEHOLD


Commercial Cleaning Company
Berkshire, UK Wide

Leading cleaning company in area. High-quality contracts and clientele. All equipment included in the sale. Well-established. Company has an excellent retention rate with a valuable team of staff. Huge scope for growth. The business is now for sale o...

Asking Price: £180,000
Turnover: £436,428

LEASEHOLD


Online Strapping Retailer
Devon, UK Wide

This is an excellent opportunity for an interested and committed buyer to take on a highly reputable e-commerce business which specialises in strapping and other fastening equipment. Excellent online reputation. Wide range of stock. Loyal commercial...

Asking Price: £350,000
Turnover: £1,129,718

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
29
 
May
 

Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...

 
28
 
May
 

M&G completes purchase of Ascentric platform from Royal London | BUSINESS SALE

Asset manager M&G has completed the purchase of wealth manag...

 
27
 
May
 

Food-to-go supplier calls in administrators | ADMINISTRATION

Adelie Foods, one of Britain’s biggest suppliers of sa...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
04
 
Mar
 

Sirius Minerals sale to go ahead despite shareholder rebellion | BUSINESS SALE

Mining concern Sirius Minerals is set to be sold for £...

 
23
 
Jul
 

Award-winning American diner put up for sale | BUSINESS SALE

An award-winning 50s-style American diner in Albert Village,...

 
24
 
Oct
 

British American Tobacco plans $47bn merger with US firm Reynolds | MERGER

British American Tobacco (BAT) plans to merge with its US pa...

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