Inspired Energy acquires STC Energy and Carbon Holdings

Inspired Energy, a leading energy procurement consultant, has completed the acquisition of STC Energy and Carbon Holdings Limited (STC), an energy bureau, billing and management service provider, for an initial consideration of approximately £9m.

The deal enhances Preston-based Inspired’s service offering within the corporate division through the broad range of bureau, billing and management products and services STC currently provides to its existing customer base and broadens the group’s client base through entry into the public sector coupled with regional diversification.

“The acquisition fits perfectly with our stated growth strategy and we believe that the complementary nature of the two businesses makes this a hugely exciting opportunity for the Group.

"We look forward to working closely with the highly experienced and knowledgeable team of STC and welcoming them into our corporate division as we seek to advance our position as a market leader.”