TPI behemoth Kinect has added another 1,500 industrial and commercial businesses to its books with the acquisition of Orchard Energy.
The firm, created last year when US giant World Fuel Services brought together energy management and procurement firms Bergen Energi and The Utilities Exchange under the global Kinect brand, completed the deal yesterday.
“The professional team at Orchard will immediately bring capabilities and expertise renowned in the industry, allowing us to expand our product offering within the UK, Ireland, and Continental Europe,” said Terry Cogan, vice president EMEA at the Kinect Energy Group.
“We welcome Orchard to the Kinect Energy Group and look forward to working together to meet increasing demand for energy management services in multiple market segments”.
Orchard, which was owned by Lakehouse, employs 72 people at its West Yorkshire headquarters and satellite offices in Glasgow, Bristol, Newcastle, and Northampton.
“Orchard is an excellent business that I am sure will thrive under the stewardship of World Fuel Services,” said Bob Holt, executive chairman of Lakehouse.
“I would like to record my thanks to the directors and staff of Orchard for their professionalism and dedication during their time within the Lakehouse Group.”