A West Yorkshire plumbing specialist has bought out a commercial heating business based in Leicestershire – and is looking for more acquisitions.
Clever Energy Holdings – which currently serves the North of England through its Worcester Bosch specialists Clever Energy Boilers – has bought Hinckley Plumbing and Heating Services.
It has made the move as part of a medium-term business strategy to achieve national coverage by 2025.
It will bring annual turnover at the Clever Energy Boilers group to around £7 million, with 75 direct and indirect employees.
The Keighley-based company has also confirmed that it will be seeking further acquisitions in the coming months.
Clever Energy Boilers director Paul Calvert said Hinckley Plumbing and Heating Services was a “profitable, well established company with a great reputation”.
He said: “Acquiring the business helps us expand the products and services we provide.
“They are specialists in the commercial heating sector, and also have expertise in renewable technology.
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“Carbon zero technologies are the long-term future, so this is something both companies want and need to be ready for.
“Undoubtedly the company will grow rapidly over the next 12 to 18 months. With growth comes opportunities and anyone who is hardworking and wants to get on in their career will have a great chance to grow with the company.”
Clever Energy Boilers has been operating for eight years and, in that time, has installed more than 5,000 boilers.
The company has its roots in West Yorkshire, but has expanded across the north of England, the West Midlands and, most recently, London.
After buying Hinckley Plumbing and Heating Services it can expand its customer base in the East Midlands, in both the domestic heating market and by giving homeowners on low incomes access to government grants to help replace old energy inefficient boilers.
As well as being a Worcester Bosch accredited installer Clever Energy Boilers also supplies and installs units from other manufacturers.