![]() It was also great to work with Phil from Leathers, who played a key role in making this deal happen.” They’ve done a fantastic job of building Smart and, through the deal, have created an exciting opportunity to further grow the business as part of MIC. I am proud to have been part of an exciting and successful journey with the business and delighted that we have achieved such an exceptional outcome for our clients so soon after establishing Leathers Corporate Finance.”Īnthony Evans, corporate partner at Muckle, added: “It was great to work with Peter and his fellow shareholders. Phil Williams said: “This is a great deal for the staff and customers of Smart and for the region. This is a win-win business combination and we couldn’t have done it without our former colleague Phil Williams and the tremendous support from Leathers Corporate Finance and Muckle.” “Our field-based sales team will help MIC to reach segments of the market it currently doesn’t have access to. Peter Kirkham, CEO and co-founder, said: “Joining forces with MIC means we can now serve our clients even better, offering them new products and services and helping them to save even more money. ![]() Leathers Corporate Finance acted for Smart in planning and delivering the deal, with partner Phil Williams – formerly finance director of Smart – completing the highly significant deal less than six months after co-founding the region’s newest corporate finance firm. The deal marks the third acquisition in two years for fast-growing MIC, which is already recording organic year-on-year growth of 50 per cent, and has seen significant progress since ECI Partners invested in the business in 2017. The founders of Smart will remain with the business post-acquisition to lead its ongoing development and oversee its integration into the MIC group. We advised the selling shareholders on the deal, with legal support led by partner Anthony Evans and included Stuart Grieve, Harry Hobson, Beth Thompson and Zoe Ditch.įounded in 2014, Smart has become one of the most dynamic new players in the sector, providing energy utility management and switching services to SMEs across the UK, helping them to procure energy more cheaply. Smart Utility Management (Smart), based in Chester-le-Street, has now been acquired by Make It Cheaper (MIC), the UK’s leading SME utilities switching provider, in a deal that has been hailed as enabling both businesses to reach more customers, offer more products and services and boost sales capabilities. Errors and omissions excepted.One of the UK’s fastest-growing business energy consultancies has been acquired by a market-leading counterpart, in a deal which represents a significant and exciting investment in the region. Brand names and product names are trademarks or service marks of their respective holders. You do not have to buy Constellation electricity, natural gas or any other products to receive the same quality regulated service from your local utility. The prices of Constellation are not regulated by any state Public Utility Commission. The offerings described herein are those of either Constellation NewEnergy, Inc., Constellation NewEnergy-Gas Division, LLC, Constellation Connect, LLC or Constellation Home Products & Services, LLC (d/b/a Constellation Home in Maryland and Pennsylvania and d/b/a Constellation in Georgia and Texas), each affiliates of each other. © 2022 Constellation Energy Resources, LLC. Start proactively taking control of your energy data with the Pear.ai platform- contact your Constellation representative today. Give meaning to your data and identify opportunities for efficiency, demand reduction and potential cost savings.
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