Sureserve Acquires Low Carbon Exchange Limited
Deal News | Oct 31, 2024 | Addleshaw Goddard
International law firm Addleshaw Goddard has played a crucial advisory role in Sureserve's latest strategic acquisition of Low Carbon Exchange Limited (LCX), a renowned business in renewable energy installation and maintenance. This acquisition bolsters Sureserve's already extensive range of services, which include essential heating, renewable energy, and compliance solutions for social housing and public sectors across the UK. LCX, known for its expertise in the installation and maintenance of solar PV systems, air source heat pumps, and comprehensive home retrofits, has generated significant revenues of £29 million and employs 151 individuals. The legal advisory team from Addleshaw Goddard was led by Katie Parker, with support from Lucy Hamnett, Millie Johnson, and Rose McEwan. This strategic move highlights the growing trend and importance of green energy initiatives in the market, providing Sureserve with an enhanced capability to offer more sustainable solutions.
Sectors
- Renewable Energy
- Legal Advisory
- Corporate Finance
Geography
- United Kingdom – Both Sureserve and Low Carbon Exchange Limited operate within the UK market.
Industry
- Renewable Energy – The acquisition involves Low Carbon Exchange Limited, a company specializing in renewable energy installation and maintenance services.
- Legal Advisory – Addleshaw Goddard is providing legal advisory services for the acquisition transaction.
- Corporate Finance – The acquisition of LCX is a corporate finance transaction involving the purchase of shares or assets.
Financials
- 29 million – Revenue of Low Carbon Exchange Limited before the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sureserve | Buyer | Company | A leading energy and compliance services provider in the UK. |
| Low Carbon Exchange Limited (LCX) | Target | Company | A market leader in installation and maintenance of renewable energy solutions. |
| Addleshaw Goddard | Legal Advisor | Company | An international law firm advising Sureserve on the acquisition. |
| Katie Parker | Legal Advisor | Person | Led the Addleshaw Goddard team for the Sureserve acquisition. |
| Lucy Hamnett | Legal Advisor | Person | Part of the Addleshaw Goddard team advising on the deal. |
| Millie Johnson | Legal Advisor | Person | Part of the Addleshaw Goddard team advising on the deal. |
| Rose McEwan | Legal Advisor | Person | Part of the Addleshaw Goddard team advising on the deal. |