Elmhurst Energy secures investment for next phase of expansion
Elmhurst Energy has concluded a major deal that will see significant investment into the group for its next phase of expansion in 2021.
Elmhurst’s holding company, Starpoint Holdings Ltd, has been acquired by Phenna Group, a specialist group of testing, inspection, certification and compliance (TICC) companies which will now provide Elmhurst with additional skills, contacts and funding for further growth.
Established 27 years ago, Elmhurst is the UK’s largest Energy Performance Certificate (EPC) accreditation scheme. It supports a membership of more than 7,000 quality assured energy assessors and a growing body of retrofit assessors and coordinators making use of new market opportunities created by schemes like the Green Homes Grant. Already this year, Elmhurst members have been responsible for 60% of all EPCs issued.
Over the last six years, the company has successfully acquired and merged with EPC accreditation schemes operated by BRE (2014), Northgate (2015) and NES (2016), as well as acquiring the Independent AirTightness Testing Scheme (iATS) in 2017. Its strategy is focused on improving the quality and performance of all buildings so that they become as efficient as possible, allowing people to reduce energy consumption and to live and work in comfort.
Headquartered in Nottingham, Phenna Group is known for its supportive partnerships with selected niche, independent TICC companies that serve a variety of sectors, ensuring customers' peace of mind by delivering first class assurance services. This is the fourth acquisition made by Phenna Group in 2020.
As part of the deal, Stephen O’Hara, Chairman of Elmhurst Energy will continue in his current role, alongside the Managing Director, Martyn Reed, and all the existing management team and staff.
Stephen O’Hara said:
"For our employees and customers, very little will change on a day-to-day basis as a result of this deal, but they should all benefit from the investment, growth and opportunities created through this partnership with Phenna Group.
“At Elmhurst, we operate with a customer-first philosophy, so finding a likeminded partner was very important to us. Since meeting Phenna, they have consistently acted with professionalism, including delivering on their commitments. We are all looking forward to the next phase of our expansion, working in close collaboration with the Phenna Group team.”
Paul Barry, Group CEO of Phenna Group said:
"I am delighted that Stephen and his team will be joining Phenna Group. Elmhurst Energy fits closely with our strategy of creating a differentiated group of niche TICC businesses and has a shared growth ambition which resonated well. I'm looking forward to working with Stephen and his team to help deliver their very ambitious growth plans. The deal starts an exciting next stage in the development of our Group.”
For further information on Phenna Group please visit: www.phennagroup.com