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New Deal


Announced

Completed

eEnergy Group completed the acquisition of UtilityTeam for £21m.

Financials

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Transaction Value£21m
Consideration TypeOrdinary Shares, Cash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA7.1x
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

United Kingdom

Domestic

Completed

energy management

Acquisition

Friendly

Majority

Energy / Utility Services

Synopsis

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eEnergy Group, an energy services company, completed the acquisition of UtilityTeam, an energy management business providing comprehensive management, consultancy and procurement services to industrial and commercial clients with a particular focus on large, complex, multi-site portfolios, for £21m. "The acquisition of UtilityTeam, when combined with our existing businesses, gives eEnergy the ability to offer customers a broad range of services and expertise in energy management, energy efficiency and intelligent measurement & analysis. It is in line with our strategy to "buy and build" a portfolio of complementary operations that can take full advantage of market demand for zero carbon energy and energy data," Harvey Sinclair, eEnergy CEO.

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