The deal involved the sale of Farnborough based Asset Plus Energy Performance Limited (Asset Plus) to New York Stock Exchange Listed, Johnson Controls International (JCI).
Asset Plus is an Energy Services business that was co-founded in 2016 by Paul Burnett and Chris Aldred. Asset Plus is a specialist provider of energy reduction and zero-carbon measures, supporting the UK public sector on its path to Net Zero Carbon.
The solutions focused and specialist nature of Asset Plus has enabled the business to capitalise on the upturn in demand for bespoke energy saving measures which is expected to accelerate over the next decade.
Our team took a hands-on approach to supporting management in preparing for the process, including utilising our expertise to ensure the underlying financial analysis supported the value proposition in the Information Memorandum.
Leveraging our sector knowledge, we generated significant interest in the business and delivered a deal that exceeded the shareholders’ valuation expectations.
Having selected JCI as the preferred acquirer, we led negotiations on behalf of the shareholders, ensuring that the value of Asset Plus was fully understood and that the deal was structured so as to optimise the opportunity for both Asset Plus and JCI.
Grant Thornton were instrumental in achieving the best valuation for our business. Their support and advice during the transaction process was exceptional.
Chris Aldred Commercial Director, Asset Plus Energy Performance Limited
