Leep Utilities (Leep) has completed its purchase of SSE Water, the New Appointments and Variations (NAV) company, from SSE plc.
The acquisition covers SSE’s water and sewerage networks and makes Leep the largest UK operator in the New Appointments (NAV) market and gives the business over 20,000 new customers across 28 sites in southern England and Wales.
As part of the transaction, Leep welcomes to its team six members of staff with over 130 years’ combined industry experience.
Leep Utilities is backed by Ancala Partners (Ancala), a mid-market infrastructure investment manager, and the Peel Group (“Peel”), one of the UK’s leading private real estate investment and infrastructure companies.
Leep will combine SSE Water with its own operations in the sector, which includes two networks, or ‘insets’, at MediaCityUK, the technology and media hub home to the BBC & ITV in Manchester, and Liverpool International Business Park, which is recognised as a premier business location in the North West of England and is home to a mixed portfolio of light commercial and industrial businesses.
Louise Manfredi, Managing Director, Leep Utilities, says: “We are delighted to complete the purchase of SSE Water. The acquisition supports Leep Utilities’ ambition to provide a full multi-utility adoption offering and complements our strategy of delivering new ‘straightforward connections’ to developers and connection providers across the country.
