KBS - Renewable Energy - Market Insight

SECTOR DEAL ACTIVITY

IMS HEAT PUMPS SOLD TO HOMETREE Renewable energy installer IMS Heat Pumps has been sold to fast-growing residential energy services company, Hometree. Founded in 1997, and with bases in Sheffield and Perth (Scotland), IMS Heat Pumps specialises in the design, installation, commissioning, service and maintenance of ground and air source heat pumps. PROJECT BETTER ENERGY RECEIVES MAJOR INVESTMENT Project Better Energy (PBE) has received major investment from private equity house Freshstream. Founded in 2012, PBE has evolved from a solar solutions specialist to a market leader in the UK’s green energy sector, delivering an extensive range of applications to serve growing residential and commercial demands. KBS DEAL KBS DEAL UNITED LIVING GROUP ACQUIRES MAJOR STEAK IN GTEC AND THORMER United Living Group, the provider of infrastructure, affordable housing, property services, and telecoms, has acquired a majority stake in both GTEC Training Limited, a leading renewables training specialist, and Thormer Solutions Limited, developer of Heatly, a digital tool that makes heat pump system design, surveying and installation easier. GOOD ENERGY COMPLETES ACQUISITION OF JPS RENWABLE ENERGY Clean energy provider Good Energy has announced its acquisition of solar and storage firm JPS Renewable Energy and its subsidiary Trust Solar Wholesale in February 2024. This deal follows Good Energy’s acquisition of solar installation business Wessex EcoEnergy for £2.5 million in June 2023. AGRIVERT ACQUIRES CHILTERN SOLAR Solar panel installer Chiltern Solar Ltd has been sold to environmental and ecological services company Agrivert. Chiltern Solar, based in Chesham, Buckinghamshire, specialises in the design, supply and installation, around London and the home counties, of solar photo voltaic (PV) systems which generate clean and efficient energy for households and businesses. KBS DEAL BEACH TREE INVESTS IN SUSTAINABLE ENERGY FIRST Beech Tree Private Equity invested in Sustainable Energy First, a leading sustainable energy and utilities specialist, serving the UK’s most prominent organisations. Beech Tree’s investment will support Sustainable Energy First’s objective to decarbonise the UK’s business community by 327,000 tonnes CO2e by 2028.