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

Builders Merchant
Manchester, UK Wide

The business for sale is a popular, independent builders’ yard/supplier specialising in a wide range of building products. Offers invited.

Asking Price: £299,500
Turnover: £570,000

LEASEHOLD


Joinery Business
East London, South East, UK

This is a fantastic opportunity to acquire a long running and well-established joinery business currently serving the London area. Offers invited.

Asking Price: £420,000
Turnover: £780,000

LEASEHOLD


Dust & Fume Extraction Specialist
Scotland, UK

Specialises in comprehensive dust and fume extraction solutions, providing tailor-made designs, installations and support services. Offers invited.

Asking Price: Offers Invited
Turnover: £534,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Mar
 

Craft beer company goes under | ADMINISTRATION

With stores in London, Canterbury and Margate, craft beer me...

 
25
 
Mar
 

West Midlands transport company enters administration | ADMINISTRATION

The company behind the Ring and Ride services throughout the...

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
24
 
Oct
 

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

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

 
09
 
Jul
 

Anglo American to sell stake in Lafarge Tarmac | BUSINESS SALE

The UK’s biggest cement maker, Lafarge Tarmac, is expe...

 
13
 
May
 

Lerner puts Aston Villa up for sale | BUSINESS SALE

American owner Randy Lerner has put Aston Villa Football Clu...

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