Inspired unveils acquisition of national cost recovery specialist

Preston-based energy consultant Inspired Energy today announced the acquisition of Professional Cost Management Group (PCMG) in a deal valued at £700,000.

PCMG is based in Blackpool and is a national cost recovery specialist.

It provides a forensic auditing service to identify and recover overpayments of utilities and telecoms bills on behalf of its clients and provides optimisation analysis to enable customers to improve their tariff and billing structure.

The company has recovered in excess of £100m for clients in the past 18 months.

It has market expertise in the energy, water, telecoms and accounts payable sectors.

Inspired said, while it provides cost recovery services to its clients, the integration of PCMG to the group creates a market-leading capability, allowing the group’s existing customer base to further benefit from PCMG’s specialisms, and conversely, providing PCMG customers with the opportunity to benefit from the broad service offering of the enlarged group.

The acquisition is expected to be earnings enhancing in financial year 2020.

Inspired chief executive Mark Dickinson said: “We are delighted to conclude the acquisition of PCMG, which is a highly complementary addition to Inspired’s core corporate division.

“The PCMG team and brand are well respected within the sector.”

He added: “We look forward to working closely with the highly experienced and knowledgeable team of PCMG and welcome them into our core corporate division as we continue to advance our position as a market leader.”