Thu, 07 Sep 2023 | BUSINESS SALE
DCC Energy, the energy division of business support services firm DCC, has made five acquisitions since reporting its full-year results in May 2023. The deals, which include a solar firm based in Lancashire, form part of DCC's strategy of expanding its offering of lower-carbon products and building a leading energy management business.
The firm says that it has spent around €160 million (£137.2 million) on the acquisitions, which have expanded the Irish-headquartered group’s energy presence across the UK, as well as in mainland Europe and the USA.
In the UK, the firm has acquired Centreco, a Chorley-based business that was founded in 2014 and provides solar PV and energy consultancy services across the UK, to customers including commercial and industrial businesses.
In the EU, DCC has acquired Isolatiespecialist, a Netherlands-based provider of energy efficiency and insulation services to domestic and commercial customers, leading Norwegian solar PV firm Solcellekraft and French Solar PV and heat pump firm SLER40, which provides design, installation and maintenance services for domestic and commercial customers.
In the USA, meanwhile, the company has acquired propane distributor San Isabel Services Propane, which serves domestic and commercial customers in Colorado.
DCC said that the acquisitions were expected to deliver a mid-teen return on their capital outlay within the first full year of ownership. DCC Chief Executive Donal Murphy said that the deals demonstrated DCC Energy’s strategy and progress.
He commented: "As set out in May 2023, DCC Energy plans to double its adjusted operating profit by 2030 and our strategy will significantly reduce our customers’ carbon emissions. The world’s need for cleaner energy presents a huge opportunity for DCC Energy and we are making it happen.”
Find out more about the growing role of M&A in ESG strategies in this exclusive insight
Established 1988, an engineering product and equipment distributor established over 15 years, and located in the heart of West Midlands.
A profitable and well-established engineering business dedicated to delivering exceptional precision parts with unparalleled quality. Specialising in complex, high-tolerance components, this company caters to a wide range of industries, including las...
The business has been successfully trading for nearly a quarter of a century. It is well located in a busy commercial area with good access routes. The property is of a high-quality and in addition the company owns a freehold premises that are let of...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.