Sustainable energy specialist is acquired

Palatine-backed Anthesis, the world’s largest dedicated group of dedicated sustainability experts, has acquired Harrogate-based energy specialist, Padd Energy.

Established in Yorkshire in 2013, Padd Energy is an energy engineering consultancy focused on creating power and energy from renewable and sustainable sources while reducing emissions from fossil fuels.

It works with some of the world’s largest corporations to identify, agree and meet net-zero commitments, such as Arla, and Reckitt. Specialising in Waste-to-Energy and Biofuels to Renewables and Heat Networks, Padd Energy has delivered projects from strategy to implementation for clients across all major sectors.

The 12-strong firm of impact-led engineers, who also have offices in London and Glasgow, is led by managing director Chris Paddey, a former EMEA managing partner and board director of ERM.

Padd Energy’s energy sector expertise will complement Anthesis’ established Energy Systems team, working together to help tackle the global energy crisis and transition clients and partners on their net-zero journey.

The deal is another significant milestone in Anthesis’ growth strategy following its investment from Palatine’s Buyout and Impact funds last year. It is Anthesis’ 16th merger and acquisition deal since it was established in 2013.

Tristan Craddock, impact partner at Palatine, said: “Aiding the transition to net-zero is one of the key priorities of Palatine Impact so we are delighted to support Anthesis in this strategic acquisition – the third since our investment last year – which will further expand and enhance their sustainability solutions.

“Padd Energy is at the cutting edge of the energy sector, working closely with global businesses to help them reduce their carbon emissions, and I am confident Chris and the team will make a significant contribution to Anthesis moving forward.”

Brad Blundell, managing director of Anthesis Europe, Middle East, Latin America and Africa, added:  “We’re very pleased to welcome the Padd Energy team to Anthesis.

“Since the beginning of 2022, the global energy crisis set a new level of priority for low-cost, clean energy, compounded by the war in Ukraine, the steep rise in inflation and the climate emergency.

“Our new combined powerhouse of energy expertise, bolstered by the broadest range of sustainability specialisms in the market, provides our clients and partners with the optimal support needed to navigate through these complex and challenging times.”

Paddey added: “We are extremely excited to join Anthesis, the largest group of sustainability professionals on the planet.

“Over the last nine years, I have grown Padd Energy to address some of the most complicated and pressing issues surrounding decarbonisation of complex high energy-use companies along with advising them on self-generation of renewable energy.

“Today, we join a hugely successful firm of sustainability professionals in tackling the same issues with the same passion and commitment as ourselves.”