Wednesday, 5 January 2011

M&C Energy Group acquires Utility Masters, primes for global growth

Lyceum Capital-backed energy
procurement and compliance specialist M&C Energy Group has acquired
outsourced energy management company Utility Masters as it eyes further
acquisitions to boost its global presence.

Scotland-headquartered M&C expects that this latest acquisition - its fourth
in a year - will see its turnover increase to £40m and cement its position
as a global energy consultancy.

With a focus on energy procurement and carbon reduction, UK company Utility
Masters will add further depth and expertise to M&C's existing services and
energy management solutions ;
increasing its stature as a global energy services player. Following the
acquisition, Utility Master's founding partners Jim McGhie, Shaun McClarnon
and Kevin Whaites, will join M&C.

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