Leading energy consultancy, IU Energy and mechanical and electrical engineering specialists, Amer, have officially celebrated their merger in the company of senior political, academic and business leaders at Plymouth University.
The newly combined company, which continues under the IU Energy brand, sees the two South West based organisations join forces with specialist skills in energy consulting, procurement, installations and maintenance with clients across the UK.
Both companies enjoy a national reputation for their work with IU Energy recently advising a number of its 1500 commercial clients on compliance with EU’s Energy Savings Opportunity Scheme (ESOS). Meanwhile Amer has established a strong reputation in the agriculture, education and manufacturing sectors for its specialist installations and maintenance using combined heat and power, biomass, ground and air source heat pumps and solar PV technology.
IU Energy also enables its clients to access capital funding through a comprehensive range of financial providers. These include finance schemes for both commercial and public sectors. In addition, its buying power is boosted through Tier 1 broker status with the UK’s major energy suppliers.
The deal sees Amer directors Liam Reed and Ben Thomas become directors of the newly merged company alongside CEO Duncan Banks and MD Chaz Lawrence.
Duncan Banks, CEO at IU Energy, explained: “This deal will further differentiate us in a noisy energy market where organisations are seeking trusted partners whose performance improves profits. This merger puts us in a great place to accelerate our growth plans, which will certainly include further mergers and acquisitions.”
Chaz Lawrence, Managing Director at IU Energy, said: “We were delighted so many senior figures joined us to celebrate at Plymouth University with whom we have worked closely to bring graduate expertise into our business. We look forward to strengthening that relationship in the future.”
Professor Judith Petts, CBE, Vice-Chancellor of Plymouth University, said: “As a University that has been renowned for its green credentials for more than two decades, we share with IU Energy a commitment to corporate social responsibility. We are delighted that they are growing through this new merger. Having taken on a number of our alumni through our internship programmes in recent years, we hope that this will create new and exciting opportunities for our graduates.”
Councillor Ian Bowyer, Leader of Plymouth City Council, told attendees: “It is great for the city to have IU Energy based here providing crucial advice which gives companies a real competitive edge. With their continued growth and investment in local graduates and apprentices, I am delighted to see them develop into a real success story.”
Foot Anstey Partner Ken Lewins advised IU Energy on the deal.
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