Yorkshire utility management firm acquired by World Fuel Services
World Fuel Services has acquired Yorkshire-based utility management specialist Orchard Energy from previous owners Lakehouse Plc.
Orchard, which provides energy management services to more than 1,500 commercial and industrial customers, has now become part of the Kinect Energy Group.
The business employs 72 staff and is based in Elland, West Yorkshire, with offices in Glasgow, Bristol, Newcastle, and Northampton.
Amar Hussain, Managing Director of Orchard Energy, said: “Being part of the Lakehouse Group opened doors to more sectors, as well as national opportunities for Orchard, and we experienced an extensive period of growth.
“This recent acquisition will take that growth to the next level, opening up more national and international links. It really is an exciting time for Orchard and I’m looking forward to seeing what the future holds with Kinect Energy Group.”
Bob Holt, Executive Chairman of Lakehouse, said: “Orchard is an excellent business that I am sure will thrive under the stewardship of World Fuel Services.
“I would like to record my thanks to the directors and staff of Orchard for their professionalism and dedication during their time within the Lakehouse Group.”
Terry Cogan, Vice President EMEA at the Kinect Energy Group, said: “The professional team at Orchard will immediately bring capabilities and expertise renowned in the industry, allowing us to expand our product offering within the UK, Ireland, and Continental Europe.
“We welcome Orchard to the Kinect Energy Group and look forward to working together to meet increasing demand for energy management services in multiple market segments.”