Consultus announces acquisition of The Energy Architects
14 February 2017
PEMXQ, trading as The Energy Architects, has been purchased by the Consultus International Group for an undisclosed sum.
It is the latest in a series of changes of ownership, including the management buy out (MBO) of The Energy Brokers (TEBL) and the purchase of The Waterbuyers.
PEMXQ is described as a multi-disciplinary energy business providing consultancy, energy management, building services, procurement and utility connections.
Consultus chief executive officer Andrew Staley said the company's attributes would "further extend the core TEBL and group offerings.
"Acquiring PEMXQ is part of our expansion and diversification plans, as the board continues to take our business forward in line with a stated objective to move into areas including water, energy efficiency and greater international operations."
The business was founded in the Southend, Essex area in 2006 by Malcolm Cooper, who described the purchase by Consultus as helping PEMXQ to further expand its services.
"In turn, TEBL will be able to assist us to provide services in key areas to PEMXQ customers.
"I am proud to be part of an exciting future and looking forward to working with Andrew and his team," said Mr Cooper.
The purchase was assisted by Clydesdale Bank through an existing debt facility.
Further activity over the last 12 months has included the formation of Consultus Assured Energy, providing low-cost energy for smaller organisations, and its German subsidiary Consultus International GER GmbH.