KBS - Renewable Energy - Market Insight

CLEANTECH COMPANY AFECO ACQUIRED BY UNITED LIVING GROUP

KBS DEAL

AFECO/EcoGenR8, a cleantech innovation company that specialises in engineering services and solutions focused on the water, marine and energy sectors has been acquired by United Living Group (ULG), a leading independent infrastructure, construction and property services company.

THINK HIRE RECEIVES YFM INVESTMENT YFM Equity Partners (YFM) announces the completion of a substantial investment into the future growth and innovation of Think Hire, Think Energy Group’s relocatable renewable power business, on behalf of its Buyout Fund II. Think Energy Group develops, manufactures and distributes relocatable, renewable power solutions to clients across the infrastructure and construction sectors, through its subsidiary, Think Hire. MAJORITY STAKE PURCHASED IN SOLAR FAST PARENT Wickes agreed to buy a majority 51% stake in Gas Fast Ltd, the Castleford, England-based parent company of solar installations firm Solar Fast in March 2024. The stake has been bought from the company’s founders, and Founder & Chief Executive Officer David Draper will continue to lead it. Wickes has the option to buy the remaining 49% over the next five years.

KEY ACQUIRERS & INVESTORS