Lyceum Capital-backed M&C Energy, one of the largest energy procurement and compliance specialists in Europe, has completed two acquisitions for an undisclosed value.
The Fife-headquartered company provides a broad range of bill auditing, energy price risk management and carbon optimisation services which help its 3,500-strong client base of businesses operate more efficiently while making significant savings on energy costs.
M&C Energy has acquired the Australian firm Creative Energy Solutions and German consultancy ETT.
These transactions boost M&C Energy’s turnover to around GBP38m and increases its international footprint which spans 19 offices in 14 countries, servicing clients in over 40 territories.
The move closely follows its acquisition of London-based Encore International, a provider of energy price risk management services, which handles more than GBP2bn of procurement annually.
Mid-market growth investor Lyceum Capital invested GBP22m in M&C Energy at the turn of the year and has implemented a programme of operational enhancement and targeted acquisitions.
Dan Adler, partner at Lyceum Capital, says: “Like the UK, both the Australian and German energy markets are highly deregulated and demand for M&C Energy’s services is increasing rapidly as firms look to their energy usage as a means of driving efficiencies and creating value.
“Lyceum is supporting M&C to develop its network so that it can service its increasingly global client base. In Creative Energy Solutions and ETT we’ve acquired businesses which have strong strategic footholds in their markets thanks to first class reputations, established client bases and track records of innovation and service quality.”
