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Announced

Completed

Inspired Energy completed the acquisition of Ignite Energy for $14m.

Financials

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Transaction Value£11m
Consideration TypeCash, Ordinary Shares
Capital Owned40%
Capital Bid For60%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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energy consulting

Energy / Utility Services

Single Bidder

Private

Acquisition

Majority

Friendly

United Kingdom

Completed

Synopsis

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Inspired Energy, a consultant for energy procurement, utility cost optimisation and legislative compliance, completed the acquisition of Ignite Energy, an energy management consultant, for $14m. "We are delighted to welcome Ignite to the Group as a wholly owned subsidiary and look forward to accelerating the growth of the Group's optimisation services by maximising the cross-selling opportunities it will present. The immediate focus is on fully integrating Ignite into the Group, whilst continuing to appraise the other M&A opportunities available to management," Mark Dickinson, Inspired Energy CEO.

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