The North East’s largest independent commercial energy consultancy has announced the purchase of a similar well-established energy business as part of the company’s national growth strategy.
Green Energy Consulting – based in Gateshead – has successfully acquired Lincolnshire based Energy Management Services (EMS), an independent consultancy and brokerage in the regulated and de-regulated electricity and natural gas markets.
Priding itself on providing accessible and affordable green energy supply to the commercial mass market, Green Energy Consulting has grown at a considerable rate since first established in 2012, with turnover growing 400% year on year.
The acquisition of EMS, which started life over 20 years ago, will allow the company to deliver against its business plans of moving into new markets, including the agricultural, holiday village and caravan sectors.
Speaking about the acquisition, Kilian Coyne, Director at Green Energy Consulting said: “When we formed the company our mission was to help businesses throughout the country achieve their carbon reduction objectives by switching to sustainable green energy at an affordable – if not cheaper – rate and without compromise.
“We have made this possible for many companies including major retailers, registered charities and councils and now is the time for us to expand our horizons and enter new markets. In doing so – with an already successful and well-known consultancy service – we can deliver our extensive offering to new markets that have high energy consumption, in turn helping them to go green and reach their carbon reduction targets.
“We are extremely impressed by EMS’ capabilities and experience in the industry. They have built a considerable reputation fulfilling their customer’s energy needs – and, as such, a lot of the company’s new business is generated through customer referrals – a real testament to their exceptional service delivery.”
To cater for the company’s growing needs, Green Energy Consulting has recently moved into new, larger premises comprising over 6800 sq. feet. The business is on track to achieve annual revenues of £1.2m in the coming year, with further organic growth expected and doubling of staff to over 50 by the end of the year.
Kilian added: “Like Green Energy Consulting, EMS is very much customer focused, delivering a flexible approach to fulfilling client requirements. The aim of both companies has always been, and will continue to be, about securing the most competitive energy contracts with energy suppliers across the UK. And as companies strive to become more sustainable, we will guarantee suppling the most cost effective solution to deliver tangible cost savings for our clients.”
“We are extremely delighted to have acquired the company and we believe, through combined knowledge and capabilities, we are only going to add significant value to our growing client bases.”
Green Energy Consulting work with clients on all energy issues delivering a full end to end service from procurement through to implementing energy management and consumption reduction strategies. The company boasts a host of clients including Christian Dior, H&M, BP, William Hill and Yorkshire Building Society.