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

Haulage & Warehousing Services
UK Wide

Utilises a team of experienced drivers to provide tailored logistics solutions, with a focus on home delivery services, whilst also offering complementary warehouse solutions. Serves 20 active clients from a wide range of sectors, including retail, i...

Asking Price: Offers Invited
Turnover: £2,900,000

LEASEHOLD


Automotive Electrical Products & Services
UK Wide

Established for over 50 years.Provides a range of automotive electrical services including air conditioning, heating, tachographs, security systems, vehicle tracking and reversing aids for vehicle, plant and marine industries. Over 100 active clients...

Asking Price: Offers Invited
Turnover: £771,000

FREEHOLD


Freight Forwarding Services
South East, UK

Provides freight forwarding for a range of sectors, as well as warehousing and an array of other complementary services. Serves over 20 clients, with an 80% retention rate.Strong second-tier management team in place. Generates revenue on an internati...

Asking Price: Offers Invited
Turnover: £956,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
11
 
Aug
 

PPL Corp. seeks sale of Western Power Distribution | BUSINESS SALE

PPL Corporation has announced that it has put its UK utility...

 
10
 
Aug
 

Adelie Foods’ Urban Eat brand acquired by Samworth Brothers | BUSINESS SALE

Samworth Brothers has completed the £6.4 million acqui...

 
07
 
Aug
 

Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...

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