PMSI provides CDD on Inprova's investment in Energy & Carbon Management
E&CM, who were awarded Consultancy of Year in a 2017 Industry Awards ceremony, are based in Horsham, West Sussex. The firm provides energy broker and consultancy services such as commercial gas and electricity procurement, energy risk management and consumption measurement and analysis.
The company’s 20 staff will continue to be employed by Inprova Group. The deal, which has been funded through a new debt facility from Frontier Development Capital, completed last week. The business will continue to operate under the E&CM brand and under the current leadership of Gary Worby.
Inprova provides procurement outsourcing, consultancy and technology services across the private and public sector, procuring £800m worth of goods and services per year for clients in the logistics, private equity, health, local government and housing markets. This latest acquisition will continue to strengthen Inprova’s energy procurement offer, and their position as one of the UK’s top ten non-domestic energy Third Party Intermediaries (TPIs).
Paul Kennedy, Inprova Group Chief Executive said:
"I am delighted to welcome the E&CM Team into the Group. I have been really impressed by the culture and approach to service quality demonstrated by E&CM during the process - factors which remain crucial to success in this market. There is a compelling opportunity to accelerate the growth, by augmenting the services that will be available to the E&CM customers now they are part of Inprova.
The addition of E&CM builds upon the success of the acquisitions made in this space over the last couple of years. We have now made 5 acquisitions in the past couple of years or so and we continue to look at opportunities that will add scale, capacity and capability into our business over the coming months and years.”
PMSI provided commercial due diligence to support Inprova during the transaction.