Dealmakers: Building momentum

The expansion journey continues for Inspired Energy. Acquisitions have played a key role in the group’s development into a national market-leading consultancy.

That buy-to-build strategy shows no signs of running out of energy, with the bolt-on deal it completed in March showing its continued appetite for acquisitions.

The Kirkham-based AIM-listed firm bought Businesswise Solutions and General Energy Management (GEM) in a deal funded from its successful £31.3m placing and open offer completed last July.

Nelson-headquartered Businesswise is an energy consultant which provides assurance optimisation to corporate customers in a broad range of sectors. It currently works with around 340 customers and holds an order book of around £10m.

Inspired has paid an initial £6m, which could rise to as much as £23.5m if Businesswise can hit financial targets.