Blue Pearl Energy acquires Belgian HVAC specialist Energys29 Jun 2023
With this new acquisition, Blue Pearl Energy enters the Belgian and Luxembourg markets for the heating, ventilation and air conditioning of buildings.
Blue Pearl Energy, the European energy services platform, continues its rapid growth on the Belgian B2B energy services market with the integration of Energys into its network of SMEs. Founded in 2004, Energys is a recognized expert in the heating, ventilation and air conditioning (HVAC) of public, commercial and industrial buildings with operations in Belgium and Luxembourg. With over 100 employees, Energys has acquired a solid experience in the installation and maintenance of HVAC systems in the tertiary, health, infrastructure, industry and hospitality sectors.
Thanks to its cutting-edge expertise, Energys particularly dominates the market for highly technical HVAC installations and is entrusted with emblematic projects such as the colossal project to renew the Guillemins station district of Liège or the contract to deliver the HVAC systems of the new ArcelorMittal headquarters in Luxembourg.
“We are looking forward to entering the second major phase of our existence with Blue Pearl Energy. We will be able to accelerate our growth by taking advantage of important synergies with other Blue Pearl SMEs, particularly those active in Belgium in sectors that are perfectly complementary to ours. With this new partnership we can now offer more complete solutions to our customers, with long-term energy performance commitments; and the ability to finance equipment on their behalf.”, explains Pol Close, co-founder and CEO of Energys.
Building a position of leadership in the Belgian energy services market.
This operation is Blue Pearl Energy’s 4th acquisition of a majority stake in Belgian energy services companies in the space of just three years. The group had already acquired Coretec and CogenGreen in 2020, as well as Refreco in 2021.
“With the arrival of Energys in our network of SMEs, we are gaining a strong position in the HVAC sector in Belgium and the Grand Duchy of Luxembourg. HVAC is a very important market for Blue Pearl Energy since we have already acquired eight HVAC companies in France. Our ambition is to accelerate the development of Energys, by giving it greater commercial and financial firepower,” comments Frédéric Dardenne, co-founder and Executive Vice-President M&A of Blue Pearl Energy.
The Blue Pearl Energy platform brings together SMEs specializing in complimentary energy services sectors within a coherent network, with the aim of activating their synergies and offering global solutions to public and private customers. Blue Pearl’s role is to provide its SMEs with the kind of commercial, strategic and financial capabilities that companies of this size do not normally have access to. The SMEs that integrate the platform retain a strong operational autonomy, their deep connection to their local economic ecosystem, and the greater agility that distinguishes them from larger companies.
“Blue Pearl Energy combines the strength of a large group, and the efficiency of an SME. Our model offers customers the best of both worlds. The Energys group is the 15th European company to join our energy services platform. Like all SMEs that have joined us, Energys retains its staff and its entrepreneurial spirit, while benefiting from the Blue Pearl Energy advantage”, concludes Éric de Seguins Pazzis, CEO of Blue Pearl Energy.
Jonathan Collings | Alesia Communications
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About Blue Pearl Energy
Blue Pearl Energy was founded in early 2020 by a group of experienced executives in the energy services sector, with the aim of developing a European platform for B2B energy services. The Blue Pearl Energy platform is independent and supports the development of SMEs with complimentary skill sets, in order to offer its customers energy efficiency solutions that are comprehensive, competitive, reliable and long-term, thereby enabling them to rise to the challenges of the global energy transition. Supported by the 3rd infrastructure fund from DWS, one of the biggest asset management firms in the world, Blue Pearl Energy plans to invest €600 million to complete some twenty acquisitions over the course of the next five years.
Founded in 2004, Energys specializes in heating, ventilation and air conditioning for public and private customers. Energys is approved in class 7 for categories D17 (heating), D18 (ventilation, air conditioning) and D16 (sanitary). Its markets are both in Belgium and in the Grand Duchy of Luxembourg where it has a subsidiary.Back to news