Private equity firm Growthdeck has successfully sold its investment in electric vehicle charge point specialist BMM Energy Solutions to Drax Energy Solutions, part of Drax Group, the FTSE 250 energy generation business.
BMM Energy Solutions is a specialist supplier and installer of electric vehicle charging equipment in the public sector, workplace and domestic sectors. The company was founded in 2013 and has enjoyed significant growth to become one of the UK’s leading EV charge point installation firms, installing over 13,000 EV charge points to date.
Since Growthdeck’s investment, BMM Energy Solutions has successfully expanded its installation network, adding services contracts for major national organisations including local authorities and property management companies.
The acquisition of BMM Energy Solutions strengthens Drax Energy Solutions’ end-to-end charging proposition to UK businesses.
BMM Energy Solutions has been Drax Energy Solutions’ primary installation partner since 2018 and the companies have previously worked together to electrify the fleets of businesses including FI Real Estate, SES Water and Travis Perkins.
BMM Energy Solutions’ management and staff are now part of the Drax Energy Solutions team and operate from sites in Airdrie, Scotland, and Gatwick, South East England.