About the company
ESG is one of the leading independent Building Energy Management Solutions (BEMS) providers in the UK market, being one of only two independent national businesses of scale. ESG’s core business is the installation, support and maintenance of BEMS. It has a national office infrastructure and delivers its established projects and support services from each location.
ESG’s core business is centred on its direct customer relationships and consequently its support order book, which generates substantial recurring annual support contract revenue and also feeds a material proportion of the project related work. Through the support offering and remote support centre, ESG are able to monitor, control, analyse and report on a customer’s energy profile and consumption, along with suggesting and implementing changes or improvements to optimise the operation and efficiency of HVAC plant, lighting and therefore total building energy usage.
Investment CompanyEnergy Solutions Group
Type of InvestmentManagement Buy Out
Date of InvestmentFebruary 2011
ESG’s markets are in a growth phase driven by a series of factors including rising energy costs, increasing legislation and corporate social responsibility.
ESG has the expertise, trained staff, proprietary software products and remote support centre to differentiate from the majority of its competition, and is a key provider of the support services to the infrastructure that controls much of a buildings energy use, ESG is well placed to take advantage of both the expected growth in the businesses core BEMS market, and the emerging energy solutions market.
Realised Investment Date | July 2014
Bridgepoint Development Capital and PHD Equity Partners have completed the sale of The Energy Solutions Group, the leading provider of energy management solutions to SSE plc for an initial consideration of £66m. ESG works with both private and public sector customers to provide solutions that reduce energy consumption, minimise costs and create sustainable energy savings. ESG whose customers have property portfolios ranging from single buildings to very large complex estates will continue to be led by the existing management team and will join the SSE Enterprise division which is seeking to service the wider energy needs of industrial and commercial customers. At a time when managing energy costs and environmental impact are key priorities for businesses ESG can typically save customers in excess of 20% of their energy consumption reducing carbon footprint.
Andy Dodd from PHD Equity Partners commented “We invested in ESG in 2011 as we believed in the growth potential of the energy management market and the strong market position of ESG, the management team have developed a range of energy services capability that has delivered excellent growth and positions them to develop strongly under the ownership of SSE”.
- Mark Watts
Mark Watts has over twenty years’ private equity experience. He joined KPMG, qualifying as a chartered accountant in 1991 and transferring to corporate finance in 1992 and enjoyed a secondment with NatWest Ventures, prior to joining Hill Samuel Bank in 1995. Mark subsequently joined Old Mutual Securities where he was a corporate finance director advising… continued »