PEMXQ Limited, otherwise known as PEMXQ The Energy Architects, has been acquired by The Consultus Group International Limited.
PEMXQ is an Essex-based energy consultancy, committed to increasing the energy efficiency of its clients through its service offering of: building services, energy consultancy, energy management, energy procurement and utility connection.
Established in 2004, the company has since built up an impressive UK wide client base with an excellent retention rate, strong streams of recurring income, and an excellent reputation within the energy consultancy market.
After successfully growing the company throughout the last decade, the shareholders of PEMXQ decided that the time was right to exit the company and hand PEMXQ into the hands of a motivated new owner. The shareholders of PEMXQ also decided to remain within the company for a 2-3 year handover period post-acquisition.
KBS Corporate conducted an in-depth and detailed research strategy, which resulted in a mixture of over 80 potential trade buyers, private equity and private investors being targeted.
The opportunity to acquire PEMXQ generated great interest, with 17 interested parties signing NDAs and 3 buyer meetings held.
The eventual acquirer, The Consultus Group, is an international group of companies focused on providing energy management and procurement services. Consultus’ acquisition of PEMXQ follows on from a string of other acquisitions as part of the company’s expansion and diversification plans.
Tom Eatough, Deal Executive at KBS Corporate, advised on the deal and commented, “It was a pleasure to work with PEMXQ, so I was happy that we were able to find a well suited buyer for the company. I am sure that PEMXQ will continue to flourish under the ownership of Consultus Group and I wish both parties all the best for the future.”