Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
FRP Corporate Finance has advised insulation services provider, SCIS Group, on its acquisition of home energy efficiency specialist, Energy Won.
Based in Hampshire, SCIS Group offers a range of insulation and renewable energy services to make homes more energy efficient. With an annual turnover of over £60m, the business is a tier one partner to three of the “Big Six” energy suppliers and has completed over 30,000 installations in almost 15 years’ trading.
The deal will further diversify SCIS Group’s service offering in the home energy efficiency market, to include the provision of high-quality in-house surveyor services.
SCIS Group appointed FRP Corporate Finance’s Bristol-based team to support the deal, building on a relationship developed during the business’ acquisition of Cotswold Energy in 2023.
The Corporate Finance team, led by partner Mark Naughton and associate director Freddie James, provided full buyside support to SCIS Group. This included leading negotiations with the seller to agree a price and structure that worked for both parties and project managing the deal through to completion.
Regarding the sale, Naughton said: “The home energy efficiency market is experiencing rapid growth as a result of the climate emergency and the rising cost of living, which is placing greater emphasis on both the government and individuals to invest in energy efficient solutions.
“This acquisition will bolster SCIS’ capabilities and services, allowing it to capitalise on these conditions and further cement its position as the region’s largest eco installer. As always, it has been a pleasure working with Nicolas and his team on this transaction.”
Nicolas Gillanders, Chairman of SCIS Group, added: “With demand for sustainable insulation and renewable energy solutions only set to grow, our acquisition of Energy Won represents a key step in our efforts to expand the support we provide homeowners in preparing for a more energy efficient future.
“This was the second time we’ve worked with Mark and the team at FRP Corporate Finance, and we can’t thank them enough for their support throughout the process. We look forward to building on this relationship in the years to come.”
