Lancashire-based LG Energy Group has acquired a controlling interest in Liverpool’s Guild Energy for an undisclosed sum.
LGE managing director, Asif Rizvi, said the acquisition boosts the consultancy’s footprint and broadens its market coverage, adding Guild’s largely SME customer base to LGE’s predominantly industrial and commercial operation.
“The sharing of people, knowledge and systems across the companies will only strengthen the management and direction of both businesses,” said Rizvi.
Guild Energy cofounder Paul Trepte credited current MD Karen Trepte with delivering rapid growth, expanding the business from two people to 40 employees across two office locations in under two years. The firm is still hiring, aiming for 50-strong headcount by the end of this month.
Prior to joining Guild, Karen Trepte spent more than a decade with Inenco, rising from business development into senior director roles with the TPI.
Paul Trepte said the merger would bring additional services to the firm’s small business clients, giving “the SME world some of the client propositions that industrial and commercial customers have enjoyed for some time”.
In the interim Karen Trepte remains as managing director of Guild Energy while Paul Trepte is now group risk manager within the wider Rigby Organisation, which is controlled by Simon Rigby, chairman of LG Energy Group.