Energy Assets Group announced that it has acquired Blyth Utilities (Blyth) as part of a strategic move to deliver multi-utility infrastructure projects across the UK
This acquisition will enable Energy Assets to provide a complete multi-utility infrastructure offering across gas, electricity and water, in accordance with the Group’s strategy, whilst also creating growth opportunities to businesses within the UK house building sector. The Group will also examine the opportunity arising from this acquisition to grow a pipeline asset portfolio, utilising its existing Independent Gas Transporter (IGT) licence.
Blyth is a multi-utility infrastructure provider involved in the design and construction of utility networks and infrastructure direct to commercial and residential developers throughout Scotland and the North of England and, along with Energy Assets, is accredited under the Gas Industry Registration Scheme (GIRS). Blyth is also fully accredited under the National Electric Registration Scheme (NERS) and Water Industry Registration Scheme (WIRS).
Russell Gibson, Chief Operating Officer of Energy Assets, commented:
“Blyth and our existing Siteworks operation will form a new brand – Energy Assets Utilities – to be launched early next year. This enhanced operation will not only extend our existing I&C infrastructure offer from gas to electricity and water, it will also open up new opportunities in the house building sector for the Group just at the time when the government is committed to significant additional investment in new homes across the UK by 2020.”
Russell Gibson added:
“Energy Assets recognises the importance of high quality, responsive and competitive provision of utility infrastructure and, as such, we are excited to be able to offer Blyth the support of the wider Group to realise the potential for growth within both businesses as a result of this acquisition.
“I am delighted to welcome Blyth into the Energy Assets Group in an acquisition that represents another step in our continuing growth strategy.”
Colin Lynch, Joint Managing Director of Blyth, said:
“Blyth has been delivering high quality infrastructure solutions to our customers for many years and has gained a strong reputation within the industry.
“We are delighted to now have the opportunity to grow the business further by being part of a wider Group and are confident that the support that Energy Assets can offer will allow us to achieve our long term growth strategy.
“We believe that this opportunity offers an exciting future for both Blyth and Energy Assets.”
