The Monarch Partnership acquires EIC and T-Mac Technologies

MonarchUtilities management company The Monarch Partnership has acquired Energy Intelligence Centre (EIC) and T-Mac Technologies. EIC and T-Mac Technologies made up the corporate division of Utilitywise Plc, the energy and utilities brokerage business that went into liquidation in February 2019. The terms of the deal were not disclosed.

Monarch Partnership is a wholly owned subsidiary of Majestic Securities Limited, which also owns ESS Utility Consultants and Smith Bellerby. All 130 staff from EIC and T-Mac Technologies will join The Monarch Partnership. Following the acquisition, the combined group will have 250 employees and combined revenues of £20 million. In the year to March 2018, Monarch Partnership had profits after tax of £2.45 million. The Majestic Securities group had profit after tax of £2.65 million on a turnover of £6.47 million.

Utilitywise acquired EIC from Broadfern Partners in 2013. After the acquisition Utilitywise rebranded the company as Energy Intelligence Centre. It was previously called Energy Information Centre.

Fusion Corporate Partners had sold EIC to Broadfern Partners in September 2007

Acting for Euromoney Institutional Investor, Fusion Corporate Partners sold Energy Information Centre to Broadfern Partners in September 2007 for £4.7 million. EIC had been bought by Euromoney in October 2006 as part of its £22 million acquisition of metal market news service Metal Bulletin.

EIC was founded in 1975 and now supports over 1,000 industrial and commercial businesses and public sector organisations in managing their energy and water requirements. T-Mac Technologies provides energy management and intelligent buildings systems to help clients reduce and monitor their energy consumption. Both businesses will continue to trade under their existing brand identities and operate out of their headquarters in Redditch, supported by offices in Newcastle and Bury St Edmunds.

Peter Dosanjh, Chairman and CEO at The Monarch Partnership, 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 (Brin Sheridan, Managing Director of EIC and T-Mac) on board and welcome EIC and T-Mac to the Group.” 

UK, Wallington, Surrey & Redditch, Worcestershire

Related Fusion Deals

Diversified Communications acquires three North American energy events

Diversified CommunicationsDiversified Communications has acquired three North American events – Intersolar, ees (electrical energy storage) and Power2Drive North America – from German-based organisers, Solar Promotion International and FMMI. The events, co-located for the past eleven years in San Francisco in July, will move to San Diego Convention Center for February 4-6, 2020. The terms of the transaction were not disclosed.

Since 2008, Intersolar North America has served as the industry’s go-to source for information and networking opportunities to move the North American market forward. Co-located with ees North America, Intersolar North America’s exhibition and conference sits at the cross-section of solar technology, energy storage, and smart renewable energy.

Covering the entire value chain of innovative battery and energy storage technologies, ees North America is the leading exhibition and conference for the electrical energy storage industry. ees North America connects manufacturers, distributors, users and suppliers of stationary and mobile storage products in the epicenter of the U.S. storage market, California.

Power2Drive, the special exhibition for charging infrastructure and electromobility, reflects the opportunities and the necessity of the energy transition in the transportation sector. The focus is on batteries for electric vehicles as well as charging technologies and infrastructure for clean mobility and distributed storage.

Diversified owns and operates a 1.5 Megawatt solar farm in Brunswick, Maine. Theodore Wirth, Diversified Communications’ President and CEO, said, “Our interest in solar stems from our Board of Directors; and growing our own event series in solar and energy storage is an exciting way to further contribute to the renewable energy industry”.

Diversified Communications’ Corporate Vice President of Strategy & Corporate Development, Oakley Dyer, added, “We’ve been looking to enter the solar market in a significant way for several years and have been watching Intersolar closely due to their successful worldwide footprint and sterling reputation. The time was right for both parties and we are thrilled to bring our depth of expertise in trade show operations to these exciting markets; and perhaps most importantly, bring Diversified’s enthusiasm for solar’s role in the new energy economy.”

USA, Portland, ME & Germany, Pforzheim

Inspired to acquire energy procurement business Inprova Finance Limited for £19.5M

inspired-logo3Inspired, an energy procurement consultancy, has conditionally agreed to acquire Inprova Finance Limited (IFL) for £19.5 million in cash from Inprova Group Limited .

Inspired proposes to raise up to £19 million by way of a conditional placing of 115,151,516 new Ordinary Shares at 16.5 pence per Ordinary Share to finance the balance of the Consideration and associated advisory fees relating to the Acquisition.

IFL provides energy procurement and consultancy services to its help it customers buy energy efficiently and monitor and reduce their carbon footprint. The company has access to 19,000 meter points through over 1,000 customers. It operates in four main sectors – data centres, social housing, education and construction.

In the year ended 30 June 2018, IFL had revenues of £7.8 million and EBITDA of £2.9 million; at 30 June 2018, IFL’s order book stood at c.£11.6 million

Commenting on the proposed acquisition, Mark Dickinson, Chief Executive Officer of Inspired, said: “We are delighted to have agreed the acquisition of IFL and its group of energy businesses. This acquisition provides an opportunity to drive further growth from Inspired’s established platform and deliver value creation, both strategically and operationally, in addition to strengthening the Group’s position as a leading TPI in the UK and Ireland. We look forward to working with the team as we continue to accelerate our next phase of growth.”

In April 2015, Fusion completed the sale of two business to Inprova Group in two days: Two Fusion Deals in Two Days: The sale of energyTEAM and ENER-G Procurement – full story

UK, Kirkham, Lancashire & Warrington, Cheshire

Related Articles

INSPIRED

Inprova Group

 

 

 

A Fusion Deal: Integer Research sold to Argus Media

ArgusInteger Research an independent provider of specialist market intelligence and analysis, consultancy services and conferences has has been sold to Argus Media, the global energy and commodity price reporting agency. Fusion Corporate Partners acted as corporate advisor for Integer Research. The Fusion team was led by Paul Kelly, Director at Fusion. The terms of the deals were not disclosed.

Integer provides the fertilizer, wire and cable, and emissions control markets with specialist economic and financial analysis, market forecasts, strategy, and benchmarking information, as well as global conferences.

paul-kelly_f_1_120_1

Paul Kelly

Speaking about the sale, Fusion’s Paul Kelly said, “I’ve known Integer Directors Tim Cheyne, and Oliver Hatfield for four years; I met their third partner, Philip Radbourne at the start of the process. They are a highly professional team with great industry knowledge and expertise. Integer is a great fit with Argus and they will do very well. I wish them every success”.

Integer Managing Director Tim Cheyne added, “This is a natural cultural and strategic fit for Integer and we are excited to build on Argus’ existing global expertise in commodity markets and leverage its technology and platform strengths to the benefit of our customers.”

Argus Media Chairman and Chief Executive Adrian Binks said, “Argus’ acquisition of Integer will expand the range and depth of services we offer to our customers. Integer has a unique product offering and this, combined with Argus’ global reach and scale, will offer users powerful market intelligence and insight.”

Argus first entered the global fertilizer markets with the acquisition of price reporting and events business FMB Consultants in 2011. A company sale project also managed by Fusion Corporate Partners. In 2014 Fusion sold Metal Pages to Argus.

UK, London

Related articles:

Other Fusion Deals:

Media & Business Information

Exhibitions & Conferences

Business Support Services and Energy & Environmental Services

 

MORE FUSION DEALS

Terrapinn acquires Solar and Storage Live

TerrapinnTerrapinn, the global events company, announced today that it has acquired Solar and Storage Live from Solar Media. The terms of the transaction were not disclosed.
Solar and Storage Live is the UK’s leading solar and storage exhibition, conference and awards.
Terrapinn’s CEO Greg Hitchen said, “Solar and Storage Live is a great opportunity to extend our market commitment to the Solar and Renewables space. It fits really well with our Solar Show events which run in South Africa, The Philippines, Vietnam, Egypt and Sri Lanka. And having a show in the UK is really exciting for us.”
Dom Barklem, MD of Solar Media, said, “This move will further enable us to focus on business intelligence, strengthen our global conference portfolio and continue to provide market-leading news content across multiple titles. Our commitment to the UK solar market remains, and we’re excited to support Terrapinn in the growth of Solar and Storage Live.”
Solar Media will continue to support the marketing of Solar and Storage Live.
UK, London
Related articles:

Inspired Energy acquire Squareone Enterprises

inspired-logo3Inspired Energy has acquired Squareone Enterprises Limited in a deal worth up to in a £1.375 million. Squareone is a provider of energy procurement, energy management and water procurement services with a strong presence in the education and manufacturing sectors.

Inspired are paying £0.75 million in cash, plus an earn out of up to £0.625 million based on revenue targets for the 12 month periods ending 31 March 2019 and 2020.

In financial year ending March 2018, Squareone had revenues of £0.5 million, EBITDA of £0.25 million, and generated operating cash of £0.23 million. Net assets as at 31 March 2018 stood at £0.1 million.

Commenting on the acquisitions, Mark Dickinson, CEO of Inspired Energy said: “We are delighted to conclude the acquisition of Squareone, which is a highly complementary addition to Inspired’s core Corporate Division. The Squareone team are well respected within the sector, and were deservedly recognised as such at the 2018 Energy Live Consultancy Awards. The Acquisition further enhances our customer base and strengthens our sector specialisms.”

The business is based in Boldon, Tyne and Wear, close to the head office of Churchcom Limited, a company acquired by Inspired in April 2017. Michael Harkus, co-founder and Managing Director of Squareone, will remain with the Group after completion.

UK, Kirham, Lancashire & Boldon, Tyne and Wear

Related articles: 

Duke Energy assumes full ownership of California-based REC Solar

Duke EnergyDuke Energy, one of the largest energy companies in the U.S., announced today it has acquired full ownership of California-based REC Solar, a provider of renewable energy solutions for commercial customers throughout the country. Details of the deal were not disclosed. Duke Energy first acquired a majority interest in REC Solar in February of 2015.

REC Solar is a nationwide provider of complete commercial, public sector and utility-scale solar solutions, founded in 1997. The company offers all design, engineering, financing and maintenance services in house, allowing for a simple customer experience.

“REC Solar complements our strengths in forming strategic partnerships with customers of all sizes,” said Chris Fallon, vice president Duke Energy Renewables and Commercial Portfolio. “Energy solutions specifically tailored to the commercial consumer will expand renewable energy opportunities for enterprise, municipal, educational and business customers, large and small.”

USA, Charlotte, NC, San Luis Obispo, CA

Related articles