Clearwater advises Elmhurst Energy Systems on its sale to Phenna Group

Transaction

Elmhurst Energy Systems sold to Phenna Group

Sell-side

Undisclosed

Role

Adviser to Elmhurst Energy Systems on its sale to Phenna Group

Sector

Business Services

Region

United Kingdom

Clearwater has advised Elmhurst Energy Systems (Elmhurst), the UK’s leading independent provider of energy assessment training, software and accreditation on its sale to Inflexion backed Phenna Group (Phenna), a group of specialist businesses focused on the testing, inspection, certification and compliance (TICC) sector.

Elmhurst was established in 1993 and is the UK’s leading independent provider of energy assessment training, software and accreditation including the widely used Energy Performance Certificate (EPC). The Company’s current portfolio of products and services include, Energy Performance of Buildings Directive (EPBD) accreditation, including domestic and non-domestic EPC’s, display energy certificates, air conditioning inspection, competency schemes such as Legionella, Air Tightness Testing, whole House Retrofit Schemes and energy and sustainability in the built environment consultancy.

Headquartered in Nottingham, Phenna’s aim is to invest in and partner with selected niche, independent TICC companies that serve a variety of sectors, ensuring customers' peace of mind by delivering first-class assurance services. This is the fourth acquisition made by Phenna Group in 2020.

Stephen O’Hara, Chairman of Elmhurst will continue in his current role, alongside Martyn Reed, Managing Director.

For our employees and customers, very little will change on a day-to-day basis as a result of this deal, but they should all benefit from the investment, growth and opportunities created through this partnership with Phenna Group. At Elmhurst, we operate with a customer-first philosophy, so finding a likeminded partner was very important to us. Since meeting Phenna, they have consistently acted with professionalism, including delivering on their commitments. All my team are looking forward to the next phase of our expansion working in close collaboration with the Phenna Group team.
Stephen O’Hara, Chairman, Elmhurst Energy Systems

I am delighted that Stephen and his team will be joining Phenna Group. Elmhurst Energy fits closely with our strategy of creating a differentiated group of niche TICC businesses and has a shared growth ambition which resonated well. I'm looking forward to working with Stephen and his team to help deliver their very ambitious growth plans. The deal starts an exciting next stage in the development of our Group.
Paul Barry, Group CEO, Phenna Group

It has been a pleasure to advise Stephen and the team on this transaction. In Phenna, Elmhurst has found the ideal partner to support further development of the company. Stephen and Martyn will continue to lead Elmhurst and drive the growth strategy, however the company will now benefit from the financial, commercial and strategic support of Inflexion backed Phenna Group. We’d like to wish both teams at Elmhurst and Phenna all the best and we look forward to seeing the businesses grow.
Rob Burden, Partner, Clearwater