Site Energy acquired by Ipsum Group

Site Energy’s managing director Simon Blundred highlighted the importance of working with an expert business sales adviser such as KBS Corporate following the company’s sale to Ipsum Group.

Established in 2011, Site Energy is an electrical installation and maintenance contractor based in Stoke-on-Trent alongside its associated training business SES Training Solutions, which was also part of the transaction advised upon by KBS.

Specialising in high voltage and low voltage installations, Site Energy also offers design, fault location and repair, testing and commissioning and substation construction, having established an excellent reputation in its sector by providing a consistently high standard of service.

Simon and his fellow director, Carl Thompson, enlisted KBS to oversee the sale of the company to facilitate their eventual retirement plans – and were delighted to have Luke Rae, Corporate Deal Executive, on their side as Ipsum was identified as a suitable acquirer.

“After many years of hard work building the businesses, we felt we were ready to take a step back to allow us to spend more time with our families and to travel more,” explained Simon.

“We wanted to sell the business to a company that could invest money and take this business to the next level, retaining staff and building a secure future for both the business and the employees.

“I think it’s crucial to have the correct people acting on your behalf with a proven track record in this field. KBS, our agents in the sale, and Mackrell, our legal representatives, showed an extensive knowledge and were both instrumental in a smooth process.

“KBS, and in particular Luke, gave us a very good service. Luke was always on hand to answer any questions and provide reassurance throughout the process. His knowledge and experience in this area proved we made the correct decision instructing KBS to act on our behalf.”

Ipsum, based in Chorley, Lancashire, is a leading provider of specialist utility and infrastructure services. The acquisition of Site Energy will complement the Group’s existing capabilities of electrical and mechanical design, installation and maintenance of low and high voltage installations across the UK.

“We are looking forward to this new and exciting period,” added Simon Blundred. “We have been working closely with Ipsum over the last few months to ensure a seamless transition so we can continue to deliver for our customers.

“This acquisition gives us the opportunity to further enhance our offering and tap into Ipsum’s delivery at scale.   

“I feel the new owners are inheriting a very successful business and with investment and their vast knowledge of the industry, they can grow the business considerably to give the workforce a very secure and successful future.”

Regarding the opportunities for the training arm of the business, Carl Thompson explained: “The acquisition will allow us to further tap into the Power sector and work with some key players in the industry to provide essential training to the current and new workforce.

“Times are challenging and Power as an industry is facing the mammoth task of attracting new talent. However, the acquisition presents a great opportunity to engage with people across the UK and show them how exciting it is to be in this sector.” 

Richard Thomas, Ipsum’s CEO, commented: “Not only does the acquisition of Site Energy and SES Training Solutions broaden our capabilities and geographical reach in the Power industry, but it also allows us to support the development of current and future talent. We warmly welcome our new colleagues to Ipsum.”

Luke Rae was delighted to lead the transaction to a successful conclusion, saying: “Both Site Energy and Ipsum were an absolute pleasure to work with and I wish both parties, personally and professionally, all the very best for the future.”