Climate Energy has acquired Suffolk based Solutions 4 Energy for an undisclosed sum, in a bid to expand its portfolio and strengthen its own market position.
Climate Energy says the acquisition will allow it to create a more robust business in order to weather future changes in funding availability and improve its geographical reach.
Climate Energy managing director Andrew Holmes says: “We are delighted to be purchasing a business which has at its core, a responsibility to reduce carbon emissions. We saw this as an opportunity to further consolidate our position in a very exciting but volatile sector. This acquisition positions our group to deliver a wider range of funding and services and will ensure that our customer base will be rewarded by the increased resources.”
Climate Energy was supported by Climate Change Capital Private Equity in a management buy out in July 2009.
Like Climate Energy, Solutions 4 Energy is an organisation delivering a range of services to engage householders, businesses and communities in environmental and social improvement. Operating nationally across Great Britain, Solutions 4 Energy provides funding and project management services to social housing providers and contractors for the delivery of energy related projects.
Terry Bentley, director of Solutions 4 Energy, says: “Our company has been developing and delivering energy efficiency projects for various initiatives including the current CERT programme. We have assisted with the energy efficiency improvement of thousands of homes in the UK and our funding services have enabled us to locate and deliver the most beneficial funding available to clients. We are very proud of our accomplishments and are delighted to have investment from a company which understands our business and market.”
