The Monarch Partnership has acquired Energy Intelligence Centre (EIC) and T-Mac Technologies in a transaction that will create one of the UK’s largest utility consultancies.
The deal is part of The Monarch Partnership’s ambition to build truly end-to-end expertise in energy management and carbon reduction solutions that will help reduce energy consumption across its client portfolio by 20% by 2025.
As part of the transaction, all 130 staff from EIC and T-Mac Technologies will join The Monarch Partnership, which will have 250 employees and combined revenues of £20m. Together, the acquired businesses bring a wealth of experience in carbon management, sustainability, intelligent buildings management, and delivering benefits from the Internet of Things, procurement and bureau services.
Established in 1975, EIC supports over 1,000 industrial and commercial businesses and public sector organisations in managing their energy and water requirements. T-Mac Technologies provides energy management and intelligent buildings systems to help clients reduce and monitor their energy consumption.
Both businesses will continue to trade under their existing brand identities and operate out of their headquarters in Redditch, supported by offices in Newcastle and Bury St Edmunds.
They will join Surrey-based The Monarch Partnership, which is the largest privately-owned energy consultancy in the UK and specialist in supporting multi-site organisations. The Monarch Partnership manages ongoing water, waste disposal, energy and telecoms contracts for clients by providing thorough data collection, auditing, asset management, procurement and cost management. It validates three million invoices each year for 75,000 sites and supports 600 client relationships.
Peter Dosanjh, Chairman and CEO at The Monarch Partnership, said: “We are building a premier utility consultancy focused on helping our customers to become fully sustainable energy users. Our depth and breadth of expertise is unrivalled, and we are now working with colleagues and clients across the organisation to integrate the businesses and become the UK’s leading intelligent utilities partner. It is great to have Brin on board and welcome EIC and T-Mac to the Group.”
Brin Sheridan, Managing Director of EIC and T-Mac, said: “Joining The Monarch Partnership family provides an exceptional platform to further grow our businesses and tap into the services of the whole group for our clients. We look forward to working with Peter and his team to fulfil those ambitions.”
