Renewable energy solutions company expands with 12th acquisition

Green Building Renewables (GBR), the York-based energy solutions provider, has expanded its operations with the acquisition of a company based on the south coast of England, taking it into nationwide operation by the end of the year.

The acquisition of Poole-based H2ecO Limited is GBR’s 14th acquisition overall and the 12th under its current buy-and-build growth strategy. Since its inception in 2021, GBR has expanded from a single office in York to 16 across England. The company aims to become the leading green technology installer in the UK by the end of 2025.

H2ecO Limited supplies solar energy, solar thermal, battery storage, mechanical ventilation with heat recovery (MVHR) and heat pump technology to domestic and commercial properties in Dorset, Wiltshire and Somerset. It also operates an on-site training centre, complementing GBR’s training ambitions within the industry.

According to GBR, the acquisition is another important step in expanding the company’s geographic reach and technology portfolio.

GBR managing director Chris Delaney said the quality of H2ecO’s work and expertise in renewables “speaks for itself” and that the deal enables the group to “expand its operations into the new England region”.

He continued: “The South Coast is a prime location for homeowners and businesses to benefit from renewable technologies across the UK and we look forward to enabling more people in the region to improve the performance of their properties.”

H2ecO co-founder Michael Stephenson commented: “The acquisition by Green Building Renewable secures the future of our business and allows our team to be part of something bigger at a time when renewable energy and improving the efficiency of UK buildings have never been more important.”

GBR CEO Alex Payne added: “Our buy-and-build strategy to bring together the best renewable technology experts across the country positions us to effectively accelerate growth in the market and co-develop industry-leading capabilities that others cannot match.”

“We have acquired 14 companies already and adding H2ecO to the Green Building Renewables network is a great example of the high-caliber people we employ and grow our business with.”

Read about the latest trends in M&A related to environment and sustainability

Share this article