Procurement outsourcer Inprova Group has acquired UES Energy for an undisclosed sum.
The company is the third broker snapped up by the group this year, following its acquisition of both energyTEAM and ENER-G Procurement in May.
UES, which is based in Caerphilly, has 20 staff and manages £150 million of energy contracts on behalf of clients, who include G4S, Celtic Manor Resort and Zodiac Aerospace. The acquisition is part of Inprova’s aim to become one of the UK’s top five third party intermediaries (TPI).
Paul Kennedy, chief executive at Inprova, said: “This deal further consolidates Inprova’s growing energy services offer and brings us closer to our ambition to be among the top five TPIs in the country.”
Andrew Diplock, managing director of UES Energy, said: “I’m looking forward to a very exciting future with Inprova Group. Being part of an ambitious business will enable us to play a key part in taking the energy consultancy business to a completely new level.”