A Fusion deal: Powerful Allies sold to Zenergi

Powerful Allies Limited, a leading provider of 100% renewable electricity contracts for schools and businesses, has been sold to Zenergi, the energy and sustainability services provider backed by ECI Partners. The Fusion team was led by Paul Kelly, Director at Fusion. The terms of the deals were not disclosed.

Powerful Allies was founded nearly 10 years ago by James Robson, who wanted to “make things better” and be a truly trusted partner for clients needing energy supply support.

Powerful Allies currently supports a number of customers in different sectors, including over 130 leading independent schools and 170 single and multi-site Academies across the UK, providing services including energy cost and carbon emission reduction strategies, energy consumption monitoring and reporting, and LED and Solar PV solutions.

James Robson, founder of Powerful Allies, said, “I founded Powerful Allies ten years ago to give customers more transparency, clarity and honesty around their energy contracts. I am delighted that as part of Zenergi we will be able to reach more customers and support the movement towards a greener future. I look forward to working with Graham and the Zenergi team to deliver on that ambition”.

Paul Kelly, Director at Fusion Corporate Partners said: “It has been a pleasure working with James. He has a great team at Powerful Allies and has achieved exceptional success, and with their overlapping customer base, the fit with Zenergi is excellent. I wish them every success.

The acquisition is the second acquisition undertaken following ECI’s investment in Zenergi in February 2022. In March the business acquired DB Group, enabling Zenergi to grow its regional presence and support customers in Scotland.

Graham Cooke, CEO of Zenergi, said, “As we all move to a greener future, Powerful Allies is a natural fit for the Zenergi offering – the firm’s ethos, focus on renewables and clear strength in customer service match our core values as an organisation. The firm’s own Open Competition Charter is a standout example of how they really care for and empower their clients. We are all looking forward to welcoming James and the team and seeing what we can achieve together”.

Powerful Allies will continue to trade under its own brand as part of the Zenergi group for the immediate future.

UK, Southampton & UK, Bishops Cannings, Devizes

ECI invests in ATG Media

atgmediaECI Partners has invested in ATG Media, a pioneer of webcast and timed online auction platforms. ECI will partner with ATG’s management and existing investor Mobeus Equity Partners to help drive the company’s ongoing international expansion.

ATG operates the-saleroom.com, i-bidder.com, BidSpotter.co.uk and BidSpotter.com as well as publishing the antiques industry bible, Antiques Trade Gazette.

ATG’s platforms allow bidders from around the world to browse fully illustrated sale catalogues and place bids over the internet in real time, with live audio and video feeds delivering the auction room atmosphere. Bidders are also able to participate in timed, online only auctions.

ATG’s growth has been driven by the continued shift of bidders online and ATG’s ability to provide auctioneers with a larger bidder base.

Tom Wrenn, Partner and head of TMT at ECI, commented: “We are delighted to be partnering with ATG Media as the company transitions into its next growth phase. As a growth focused investor we were attracted to ATG by its market leading technology and strong brand recognition, attributes that have driven its market penetration.
“We look forward to working with Anne’s team and Mobeus to help drive ATG’s continued expansion in the UK and internationally.”

UK, London