Elland-based utility management specialist Orchard Energy has been acquired by World Fuel Services from its previous owners Lakehouse Plc. and is now part of Kinect Energy Group. The acquisition was completed on 2 October 2017.
Orchard Energy provides energy management services to more than 1,500 commercial and industrial customers, including brokering supply with utilities firms, managing contracts, and advising on energy consumption. Orchard also has strong commercial relationships with leading UK utility providers. The business employs 72 staff and is based in Elland, West Yorkshire, with offices in Glasgow, Bristol, Newcastle, and Northampton.
Amar Hussain, Managing Director of Orchard Energy, said: “Being part of the Lakehouse Group opened doors to more sectors, as well as national opportunities for Orchard, and we experienced an extensive period of growth.
“This recent acquisition will take that growth to the next level, opening up more national and international links. It really is an exciting time for Orchard and I’m looking forward to seeing what the future holds with Kinect Energy Group.”
Bob Holt, Executive Chairman of Lakehouse, said: “Orchard is an excellent business that I am sure will thrive under the stewardship of World Fuel Services.
“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.”
Kinect Energy Group provides comprehensive energy management and procurement capabilities globally as demand grows within all commercial and industrial sectors. Kinect offers a customer-centric approach to deliver maximum efficiency and performance.
Terry Cogan, Vice President EMEA at the Kinect Energy Group, said: “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.
“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.”