North West sustainability and utilities firm concludes takeover deal
Sustainability and utilities specialist, Sustainable Energy First, has acquired business utility and sustainability consultancy, Inenco Group, for an undisclosed sum.
Beech Tree Private Equity-backed Sustainable Energy First said the deal marks an exciting time for both companies, creating a scaleable energy and sustainability services provider that will continue to support sustainability services.
Lytham St Annes-based Sustainability Energy First and Lytham-based Inenco say the combined new business will remain centred around its people and technology, creating a work environment that engenders high levels of engagement to deliver quality customer service.
Their aim is to make truly renewable energy more accessible to businesses of all sizes, helping them achieve their Net Zero targets.
Michael Abbott, Sustainable Energy First CEO, said: “We are thrilled to have completed the acquisition of Inenco, bringing together two like-minded and complementary businesses.
“This acquisition complements our mission to inspire and empower our people to create a positive difference.
“Together, we will provide unparalleled energy solutions that benefit our clients and contribute to a more sustainable future.”
Sustainable Energy First is a £13.8m-turnover business and a certified B Corporation focused on reducing the carbon footprint of its clients, which accounts for 3.5% of UK business power consumption.
Eradicating 327,000 tonnes of CO2e by 2028 is the goal, the equivalent of taking 73,000 cars off the road.
Inenco has more than 50 years of energy management and sustainability experience and works with some of the largest organisations in the UK to reduce carbon, optimise energy consumption, ensure compliance, implement effective energy procurement strategies and control costs.
