Energy Assets Group Acquires Future Energy

Energy Assets Group Acquires Future Energy

Energy Assets Group (EAG) is pleased to announce the acquisition of Yorkshire-based Future Energy Group. The acquisition will strengthen EAG’s existing nationwide multi-utility network design and construction division and complement its strategy to adopt gas and electricity network assets.

Future Energy Group (FEG) will become part of Energy Assets Utilities (EAU) division, expanding EAU’s capacity and geographical reach to serve multi-utility network customers throughout Britain. FEG will continue to trade under its current name.

FEG is based in Batley and provides a range of services through its subsidiaries Future Utility Solutions, Future Metering Services and Future Plant Services. FEG has grown into a leading utilities infrastructure provider, designing and constructing gas, electricity and water networks for contractors, transporters, operators and consumers across the UK. Its industry accreditations (GIRS, NERS, WIRS), quality-assured performance and innovations in customer service have enabled the company to build a customer base across residential, industrial and commercial market sectors.

Colin Lynch

Comments Colin Lynch, Chief Executive Officer, Energy Assets Group:
“We are very excited about bringing Future Energy Group under the EAU banner – the company’s expertise, geographic reach and success in residential and commercial markets marks a significant milestone in our plans to extend the reach of our network construction activity across every area of Britain.

In addition, we see this acquisition as a perfect fit for our asset ownership business stream, delivering opportunities in meter asset management and local network ownership.”

Barry Schofield

Comments Barry Schofield, Chief Executive Officer, Future Energy Group:
“The acquisition of FEG by Energy Assets Group enables the continued growth of our business and expands the delivery of products, services and value to our customers. After some 50 years in the industry and with a strong management team and ownership in place I will step down as CEO and over the next few months hand over to Nathan and the wider FEG and EAG team, providing me the opportunity to retire and spend time with my family. I do this with satisfaction that our loyal and skilled workforce and our customers, many of whom I’ve worked with for most of my working life, will enjoy greater opportunities for advancement within the EA Group and see only benefits for all concerned.”

Nathan SchofieldComments Nathan Schofield, Sales and Marketing Director, Future Energy Group
“With the support of Energy Assets, we aim to build on our success over the last 20 years. The financial strength and additional resources that result from being part of a larger dynamic business group will provide additional opportunities and enable us to increase our pace of development. I feel very excited about the future propositions available to our customers following the acquisition by the Energy Assets Group.”

Craig TopleyComments Craig Topley, EAG Managing Director (Construction):
“The addition of Future Energy Group to the EAU family fulfils a strategic aim to build a network design and construction business with true nationwide reach. Alongside our other acquisitions, including SA Gas, Exoteric, Blyth Utilities and Dragon Infrastructure Solutions, we are now strongly positioned to meet the needs of our growing customer base of housebuilders, main contractors, developers and industrial and commercial end users in every part of the country.”

Aside from its construction activities, EAG is Britain’s leading independent meter asset management company in the industrial and commercial sector. The company recently expanded its asset ownership business stream into ‘final mile’ electricity and gas networks through the launch of Energy Assets Pipelines, an independent gas transport operator, and Energy Assets Networks, an independent distribution network operator.


Making progress on sustainability

Energy Assets is walking the talk when it comes to environmental sustainability and energy efficiency.

The company has recently achieved ISO 14001 accreditation for environmental management systems covering its sites in Livingston, Darwen, Sheffield and Newport, following a year-long programme focused on embedding actions to reduce its carbon and waste footprint.


Energy Assets Champions Safety In The Gas Industry

At Energy Assets we are committed to protecting our people, customers and the environment. Safety is of paramount importance. On Thursday 24th October, employees from Energy Assets attended a gas safety event hosted by the IGEM Scottish Section.

The event, held in Glasgow at the Teledyne Gas Measurement Instrument (GMI) factory, saw gas industry experts from across Scotland, and even from the USA, come together for an innovative and hands-on tour filled with demonstrations surrounding the topic of gas detection and safety.


Energy Assets Powers Meter Installation Expertise at New Training Centre

Energy Assets has unveiled a state-of-the-art training centre at Darwen, Lancashire, to provide its 60-strong team of meter engineers with one of the energy industry’s most advanced learning environments.

The investment in the new centre provides engineers with access to every type of physical meter configuration they are likely to encounter in industrial and commercial buildings, along with a ‘classroom’ space featuring interactive touchscreen technology with self-guided ‘drag and drop’ capability.

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