Phoenix Gas acquired by GIL Investments

KBS Corporate has been “highly recommended” by the Managing Director of Phoenix Gas Holdings following the company’s sale to GIL Investments.

Based in Stoke-on-Trent, along with its subsidiary Phoenix Renewable Technologies, Phoenix Gas was founded in 1994 and specialises in gas installations, servicing and repairs for domestic and commercial clients.

In recent years, the company has expanded its offering to also include a fully comprehensive renewable energy service which comprises solar PV and thermal, ground and air source heat pumps, battery storage and EV charging points, as well as electrical services.

Employing over 160 staff, and with a customer base spanning across the Midlands and North of England, Phoenix instructed KBS on a sale that would facilitate further growth under the impetus of new ownership.

In a transaction led by Joe Norris, KBS Associate Corporate Director, the company was sold to private equity firm GIL Investments, who also acquired Eurotek Foundry Products in a deal overseen by KBS in 2023.

Kyle Grocott, Phoenix’s Managing Director, expressed his satisfaction with the service received from company sales specialist KBS in a five-star review posted on Google.

“KBS have helped and advised our business throughout the process and listened to the type of buyers we were looking to bring on board,” wrote Kyle. “We successfully worked together to deliver on our objectives. Would highly recommend the team and Joe Norris.”

Kyle is continuing his association with Phoenix, and Joe Norris is convinced the company’s future remains extremely bright.

“I’m really pleased with the outcome we managed to achieve for our clients,” said Joe.

“The shareholders who were looking to step away from the company and realise the value of their shares were able to do so, while the rest of the team are able to remain involved with the business and I have no doubt they will take it from strength to strength under the GIL umbrella.”