M Group Services has successfully acquired AgilityEco, a home decarbonization delivery platform committed to social and environmental causes. The platform specializes in providing comprehensive energy efficiency solutions to economically vulnerable households in the UK. AgilityEco collaborates with energy companies, local authorities, social housing providers, private social enterprises, utility companies, and a dedicated network of installers to offer independent advice, nationwide installation capabilities, reliable delivery, and quality outcomes.
Founded in 2013, AgilityEco gained a significant minority stake from Bridges Evergreen Holdings in 2019. Since then, the company has experienced remarkable growth, with revenues more than tripling to well over £100m and doubling its workforce. In the fiscal year 2022/23, AgilityEco assisted over 36,000 households, implementing energy efficiency measures that are projected to save each home over £2,600 on lifetime energy bills and reduce CO2 emissions by over 113,000 tonnes.
Following a highly successful partnership, the acquisition by M Group Services resulted in a money multiple return of 3.4x and an impressive IRR of 40% on Bridges Evergreen’s initial investment.
Tom Biddle, Partner at Bridges and Head of Bridges Evergreen, expressed pride in the business’s phenomenal growth, wishing the AgilityEco team and its new owner success in the future.
Sharon Johnson, CEO of AgilityEco, emphasized that being part of M Group Services enhances their ability to provide a differentiated offering, strengthening their platform for growth. This, in turn, allows the organization to continue supporting vulnerable families in fuel poverty and contribute to preparing Britain’s homes for Net Zero.
Joe Austin, Director at Arrowpoint Advisory, commended the transaction’s importance for their Energy Transition & Sustainability practice, anticipating a positive future for AgilityEco as the UK moves towards Net Zero.
Stuart Vincent, Managing Director at Arrowpoint Advisory, concluded that the combination of AgilityEco and M Group represents a formidable force in decarbonizing homes in the UK.
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By Ravi Kumar