Specialist M&A boutique, TheNonExec is delighted to have acted for the shareholders of Empower Energy in the recent sale to Good Energy Group PLC. This acquisition was a strategic sale and represents an important step in Good Energy’s strategy to significantly expand its presence in the commercial solar installation market.
Empower Energy is a nationwide provider of solar photovoltaic (‘PV’) installations. The company provides full design, project management and installation for ground-mount, on-roof, and in-roof solar PV solutions as well as electric vehicle charging solutions and battery storage. With around 15MW of installed power each year, and holding a suite of exceptional quality standards, Empower provides a wide range of solar solutions to largely to commercial and blue-chip clients.
Good Energy Group PLC (AIM: GOOD) is a supplier of 100% renewable electricity supplier and energy services provider and listed on the AIM-market (AIM: GOOD). It has long term power purchase agreements with a community of more than 2,500 independent UK generators. Since it was founded 25 years ago, the Company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to power a cleaner, greener world and make it simple to generate, share, store, use and travel by clean power. Good Energy is recognised as a leader in its market, through its B Corp accreditation, Which? Eco Provider status and Gold Standard Uswitch Green Tariff accreditation for its standard tariff.
The deal was co-ordinated on the sell-side by TheNonExec Ltd. (M&A and CF), Steele Raymond LLP (legal) and Lines & Co. Ltd. (tax).
Congratulations to all involved in this deal. We wish both parties a very successful future.