Green Building Renewables (GBR) has continued its rapid growth in Yorkshire with the acquisition of Scarborough-based business MYelectrical Renewables to help meet the increasing customer demand for technologies like solar panels and heat pumps. The business was acquired for an undisclosed sum.
MYelectrical Renewables is [the] sixth acquisition in 18 months. In the same period, the company’s annual turnover has grown from £3m to £26m, and the staff number has grown from 18 to over 130. The company is eyeing turnover growth to £100m by 2025.
The company’s growing nationwide network already includes York, Doncaster, Daventry, Wellingborough, Colchester, Newcastle and Norwich offices. Adding MYelectrical Renewables increases their reach further.
Chris Delaney, managing director of Green Building Renewables, said,
“In the last 18 months, we have increased our coverage across Yorkshire. First, with our new office in Doncaster and now with expansion onto the East Coast, we are the fastest growing renewable installation business in the region, and we believe nationally too. As a regional leader, we aim to offer world class advice and installations across Yorkshire and the country. We welcome Dan and his team to ours and look forward to helping customers on the East Coast capture the energy of Yorkshire’s seaside sunshine.
Dan Oram, MYelectrical Renewables founder director, said, “I am extremely proud that Green Building Renewables identified MYelectrical Renewables to join its rapidly growing network of renewable technology installers. Their decision reflects the quality of the service we already offer. The opportunity to join Green Building Renewables allows our team to offer more services and products to our regional customers. At the same time, it also allows me more personal freedom to pursue other interests as we join Chris and his team.”
Green Building Renewables is part of the Efficient Building Solutions business – a purpose-led company committed to tackling the climate and ecological crises by radically improving the UK’s buildings.
Philip Fellowes-Prynne, Efficient Building Solutions CEO, said:
“Green Building Renewables growth in Yorkshire and across England in the last 18 months has exceeded expectations. The demand for low carbon and renewable technology is apparent, and the energy crisis has magnified this, which is why the company has added two new offices in the region. One that allows us to operate on the East Coast of Yorkshire and one to efficiently accommodate the management team to meet our growth ambitions Green Building Renewables, we believe, will be the leader in nationwide domestic renewable installation by 2025. We welcome Dan and his team to Green Building Renewables and will continue to actively seek suitable businesses to acquire and join the Green Building Renewables network.”
Source: Green Building Renewables
Green Building Renewables Expands Operations In Yorkshire
