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FRP Corporate Finance has successfully advised on the acquisition of renewable energy M&E firm Cotswold Energy Group by South Coast Insulation Services (SCIS).
The deal will see Cotswold Energy Group’s co-founders, Jon Bonnar and Robin Hodge, remain with the business as it continues to operate as a separate division and standalone brand to SCIS.
Cotswold Energy Group offers mechanical and electrical installation services via an in-house team of accredited engineers.
The deal will enable SCIS to diversify its services into additional energy efficient technologies and practices, including ground and air source heat pump installation. Established in 2010, SCIS’ clients include housing associations and property owners, with the firm delivering fully integrated insulation solutions as well as funding support.
SCIS CEO Nicolas Gillanders said: “The importance of the climate emergency cannot be understated and we are seeing that reflected in the demand for our services, as homeowners, private landlords and housing providers review the energy efficiency of their properties in light of both this and the cost-of-living crisis.
“With the expert support from the team at FRP Corporate Finance we’ve been able to acquire Cotswold Energy Group in a move that gives us an opportunity to build on our existing offering as like minded businesses with a shared goal of helping customers reduce their carbon emissions. I’d like to thank the team at FRP, and our advisers at Foot Anstey, for their support on this deal, as well as the team at NatWest for financing the transaction.”
The deal was led by director Alex Sargeant and partner Mark Naughton from FRP’s Bristol office, who provided full buyout support to SCIS. Cotswold Energy Group was advised by KBS and Harrison Clark Rickerbys.
Sargeant said: “This acquisition represents a significant expansion of SCIS’ capabilities and services, and we are confident that it will bolster their leading position in the growing home energy efficiency market. It’s rewarding to see two complementary businesses come together to benefit from one another’s knowledge and expertise to drive incremental growth. It’s been a pleasure advising Nicolas and his team, and we wish them well for the future.”
