MITIE Acquires Utilyx To Boost Energy Services

Published: 07 February 2012

5 pages, 1 figure

EXECUTIVE SUMMARY

On January 10, 2012, MITIE, the UK energy and facilities management provider announced its acquisition of UK energy strategy consultant Utilyx. The acquisition provides Utilyx, which will continue to operate independently, with working capital and additional business operation platforms for international expansion and gives MITIE access to board-level decision-makers as well as a top tier energy strategy consulting team specializing in managing energy risk and procurement. Working together, Utilyx and MITIE aim to deliver a vertically integrated energy and facilities service proposition to customers, and gives scope for multinational expansion. Verdantix believes the acquisition is well timed given the pace of M&A activity in the energy services market. The deal responds to increasing demands for large-scale energy efficiency programmes, innovation in contractual frameworks and end-to-end energy services delivery.

TABLE OF CONTENTS

MITIE ACQUISITION OF UTILYX CONFIRMS ENERGY SERVICES MARKET CONSOLIDATION
An Integrated Energy And Facilities Management Proposition Underpins The Deal’s Rationale
Energy Services M&A Point To Increased Interest In Major Energy Efficiency Programmes

TABLE OF FIGURES

Figure 1. UK Strategic Energy Management Spend Across Five Categories In 2012 ($m)

ORGANIZATIONS MENTIONED

Balfour Beatty, C3, Dow Chemical Company, EDF Energy, EnergyQuote JHA, EnerNOC, GSH Group, McDonalds, Metrus Energy, MITIE, Pace Global, Power Efficiency, Rolls-Royce, Schneider Electric, Siemens Building Technologies, Summit Energy, Utilyx, WSP Environment & Energy