Energy solutions provider in new hands following swoop by Irish group
Widnes-based Solen Energy has been acquired by Irish company, Kingspan Insulated Panels UK, for an undisclosed sum.
Solen, a £61.8m-turnover company, is a wholesaler distributor of Solar PV and Electrical PV products.
The new owner is a subsidiary of Kingspan Group, which is based in Kingscourt, north of Dublin, a global leader in solutions for high performance, low carbon buildings.
Solen Energy, with a strong reputation in the UK market, has established itself as a trusted supplier of renewable energy solutions.
With the rapid growth of renewable energy adoption in commercial and industrial sectors, the partnership between the two companies enables Kingspan Insulated Panels to continue to meet the increasing demand for integrated solar solutions.
The partnership with Solen Energy is a key step in Kingspan’s long term strategy to deliver industry-leading, tested renewable energy solutions.
It combines Kingspan’s expertise in building envelope solutions with Solen Energy’s deep knowledge of solar PV distribution.
Together, the two companies say they will unlock enhanced capabilities, broaden market reach and increase growth opportunities.
Terry Hughes, Managing Director of Solen Energy, said: “We’re thrilled to be joining forces with Kingspan Insulated Panels. This partnership reflects our shared commitment to innovation, quality, and customer-centric solutions.”
Cowgills Corporate Finance advised the shareholders at Solen Energy, led by partner Ben Barlow, who said: “Guiding this transaction from initial discussions to execution required a deep understanding of the energy sector and the evolving market dynamics.
“We’re proud to have helped secure a successful sale for the Solen shareholders, ensuring a strong foundation for future growth by partnering with a global business in Kingspan.”
This is Cowgills’ second deal in the energy sector this year, having advised £56m-turnover Duality Group on its sale to Sureserve Group in March 2024.
Advisers to the company and shareholders included Cowgills Corporate Finance (Ben Barlow, Brett Marsden, Ed Higham) and Napthens (Kieran Donovan, Kevin Howard).
