Sureserve - Acquisition of CorEnergy
Sureserve has announced the acquisition of CorEnergy, which helps private and public sector organisations reduce their energy usage, improve efficiency, and reduce their net carbon output. This acquisition is material and will fit into the Energy Services segment rather nicely. It is immediately and significantly earnings enhancing, adding around £1m EBITA to a segment that (excl. COVID) currently makes around £5m per annum.Lakehouse is an asset and energy support services group. Co.'s segments include: Compliance, which comprises planned and responsive maintenance, installation and repair services to local authority and housing association clients in the areas of gas, fire and electrical, water and air hygiene and lifts; Energy Services, which provides energy efficiency measures to social housing and private homes, including insulation, heating systems and renewable technologies; Property Services, which provides planned and responsive maintenance and project works for social housing; and Construction, which provides refurbishment and small to medium-sized public building works, for local authority clients.
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