Carbon reduction managing agent Climate Energy has entered into an agreement to acquire Creative Environmental Networks for an undisclosed sum.
Creative Environmental Networks delivers a range of services to engage householders, businesses and communities in environmental and social improvement.
Andrew Holmes, Climate Energy’s managing director, will fill the position of group managing director and Julie McKeown, Climate Energy’s finance director, will be the new group finance director, replacing Dr Dominic Gooding and Kevin Herriot, the former directors and owners of Creative Environmental Networks.
Holmes says: “This combination of CEN and Climate Energy will allow us to increase the breadth of our advice offerings through EST advice centres to include London and Kent, and positions the group to deliver our customers the widest range of advice and services available from a single provider in this market place. This will ensure that the combined customer group will receive the benefits of the resources of a much larger organisation immediately.”
Alex Betts (pictured), partner of Climate Change Capital Private Equity, Climate Energy’s major shareholder, adds: “The combined group will now have the ability to offer a more comprehensive and dynamic range of products and services to customers creating an unrivalled level of options to consumers and clients in this market. This is supported by Climate Energy’s existing regional infrastructure of supporting Essex and East Anglia with a skilled advice centre base, which will be further strengthened by the acquisition of CEN which currently concentrates on London and Kent.”
The acquisition follows the Climate Energy management buyout in July last year.
Climate Energy is an energy agency providing solutions to local authorities, other registered social landlords and private homes.
Climate Change Capital is an investment manager and adviser specialising in the opportunities created by the global transition to a low carbon economy.
