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Cowgills’ deal advisory team has advised the shareholders of Duality Group on their sale to Sureserve Group.
Duality Group is a provider of heating, energy saving and renewable solutions for the social housing sector and residential clients.
The company was founded in 2016 and acquired Dyson in the same year, before acquiring Gas Call in 2018 and WRB in 2021.
Meanwhile, Sureserve Group was acquired in a public-to-private transaction by Cap10 Partners in 2023.
The acquisition of Duality Group will increase Sureserve’s geographic coverage, as well as deepening their service offering.
Ben Barlow, director at Cowgills, said: “The sale was a successful conclusion for the shareholders, having built Duality Group through multiple acquisitions, they have built a group at scale providing key heating and renewable energy solutions. I’m sure it will be a successful acquisition for Sureserve.”
Graham Levinsohn, group CEO of Sureserve Group, added: “The acquisition of Duality aligns with Sureserve’s mission – to be the trusted partner of choice to the social housing and related public sector in delivering essential and affordable heating, energy savings, and compliance solutions, playing a key and progressive role in decarbonisation, always delivering for customers, employees, residents and the environment with safety, integrity and respect at the forefront of everything we do.”
Cowgills is experiencing a successful year in the deal market, with four deals across business services, healthcare and TMT sectors due to complete this month.
