Leading Bristol-based utility management consultancy successfully sold
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Teamwork Energy Bureau Services Limited, a leading Bristol-based utility management consultancy, has been acquired by Octego Ltd.
Teamwork Energy Bureau Services was established in 1998 and has grown by developing a portfolio of long term contracts with blue chip clients in both the public and private domains.
The company specialises in providing a wide range of energy consultancy services, using Automatic Meter Reading systems to reduce energy consumption and help clients to achieve statutory compliance with CRC, ESOS and Heat Network regulations.
KBS Corporate adopted a research strategy which specifically targeted prospective acquirers within the property consultancy and energy management sectors, which attracted more than a dozen interested parties before an agreement was reached with Octego Ltd.
Based in Blackpool, Octego offers energy management solutions, structuring energy procurement, efficiency and compliance projects throughout the UK. Through the acquisition, Octego will look to expand geographically and access Teamwork Energy’s established client base.
Teamwork Energy will remain at its Bristol headquarters and retain all staff post acquisition, with our client to remain within the business in a consultancy role for up to 24 months to assist with the development of the business.