Breathing new energy into the sector: B&C helps £4m fundraise and £3.1m acquisitions for EARNZ

02/09/2024

We’re delighted to have helped EARNZ plc with its proposed £4m fundraising and £3.1m acquisition of Cosgrove & Drew Ltd and South West Heating Services Ltd, following the admission and re-admission of new and existing ordinary shares to AIM.

EARNZ plc (Energy Advisory Regeneration Net Zero) is a new British listed business that will form a leading energy services group. Both of the proposed acquisitions are in line with the Company’s strategy to acquire businesses that operate within the energy services sector, in particular businesses that specialise in the maintenance and/or installation of energy-efficient products for domestic and commercial use.

Bob Holt, Executive Chairman of EARNZ plc, commented:

“We are delighted to announce the proposed acquisitions. These two businesses are well aligned to the Group’s strategy to build a leading energy services business in a high growth market that is aligned to the UK Government’s decarbonisation agenda.

“We intend to continue to grow the business and extend our presence in the sector, and to be the partner of choice for our customers through the provision of consistent, high quality, multi- dimensional offerings.

“EARNZ is well positioned to take advantage of the very exciting commercial opportunities ahead in what is a highly fragmented market, which will ultimately deliver positive shareholder value. I look forward to bringing news of further earnings enhancing acquisitions in the not-too-distant future.”

If you'd like to find out how we can help ensure your most prestigious fundraisings and M&A transactions succeed, chat with us today: hello@blackandcallow.com

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