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Macquarie affiliates invest in Energetics

Independent utility infrastructure specialist Energetics has received a substantial new investment from affiliates of Macquarie Group, a leading provider of banking, financial, advisory and funds management services, have provided the additional investment.

Bill McClymont (left) plans to create jobs and grow market shareBill McClymont (left) plans to create jobs and grow market share

Glasgow-based Energetics, which employs more than 200 people across the UK, is fully accredited to design and build electricity, gas, water and street lighting networks at new-build residential and commercial property sites. It is also a licensed owner and operator of electricity and gas networks. Commenting on the new investment, Energetics chief executive Bill McClymont said: “We’ve grown consistently in recent years, despite tough market conditions, and the new funding means we can build on this successful history.

"We’ll now invest to grow market share, create jobs and extend our operations further across the UK, expanding the strong base we already have in Scotland and the North-West and Midlands of England. That will mean choice in utility connections being brought to a far greater number of developers and contractors, which I’m sure they’ll welcome."

McClymont said the investment "is a huge vote of confidence in our organisation", and a key objective for Energetics now is to make further inroads into the electricity connections market,  where competition is not yet well-established, raising awareness of the alternative we provide to regional electricity distribution companies, such as Western Power Distribution and SSE. 

Author: Maureen Gaines, Editor, WET News Find on Google+
Topic: Contractors
Tags: Glasgow , water , gas , electricity , funding , operations , infrastructure , multi-utilities

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