Warrington firm buys two energy brokers

WARRINGTON-based procurement outsourcing service company, Inprova Group has bought two non-domestic energy brokers, energyTEAM and ENER-G Procurement.
energyTEAM, based in West Sussex has been purchased from its two owners for an undisclosed sum. The company has been running for nearly 40 years, helping more than 800 clients such as Virgin Atlantic, Hotel du Vin Group and fashion retail chain White Stuff to find the most suitable
commercial gas and electricity contracts.
The firm offers a number of innovative services to help reduce clients’ energy usage and spend. energyTEAM’s 60 staff will all be employed by Inprova Group.
ENER-G Procurement, based in Warwickshire has been purchased from international renewable and sustainable energy specialist ENER-G Group for an undisclosed sum. The firm provides energy broker and bureau services such as commercial gas and electricity procurement, energy risk management and consumption measurement and analysis. The company’s 52 staff will continue to be employed by Inprova Group.
Both businesses will be re-branded, forming a new, large energy broker division within Inprova. The company already provides procurement outsourcing, consultancy and technology services across the private and public sector, procuring £0.5bn worth of goods and services per year for clients in the logistics, private equity, health, local government and housing markets.
Paul Kennedy, Inprova Group chief executive said, “Purchasing these two energy brokers ties in with Inprova’s wider strategy of building scale and capability across new procurement markets. For many of our customers, utility spend is becoming an increasingly complex and volatile area of spend and as such, they require a greater level of support and guidance in this spend category.
The integration of these two businesses into the Inprova Group will enable us to negotiate better energy prices as we’ll take a far larger
aggregation of spend to market. It is also likely that there’ll be opportunities for us to deliver wider procurement related services into the enlarged customer base.”
“Inprova Group will be turning over in excess of £12m per year following these two acquisitions. My aim is to at least double this figure over the next two to three years. We’ll do this through our strong customer base in existing markets, which offers significant growth opportunities and also by continuing our ambitious UK and international expansion strategy.”