Energy consulting acquired by a specialist in sustainable development
An energy consulting firm that works with organizations to implement integrated low-carbon technology has been sold in a deal advised by PEM Corporate Finance.
Cambridge-based Element Energy, established in 2003, has experience in the built environment, transport and mobility, energy and industrial sectors at large.
The company was bought by the sustainable development consultancy ERM.
The deal adds approximately 90 Element employees, based in the UK, France and Australia, to ERM’s workforce of more than 5,500. Ben Madden, who co-founded Element Energy with Shane Slater, will be part of ERM’s workforce. from the management team, with Céline Cluzel, Ian Walker, Alex Stewart, Lisa Ruf, Sam Foster, Mike Dolman and Mark Hughes.
Element Energy’s Ben Madden said, “We are delighted to join ERM. We look forward to deepening our relationship with the ERM Group over the next few months, after many successful collaborations prior to the acquisition.
“We believe that aligning values between our organizations means that we will have a prosperous future serving the needs of our customers and bringing about the change needed to achieve the global energy transition.
“In addition, I would like to thank PEM and BDB Pitmans for their professional advice.”
PEM has been appointed by the vendors to provide corporate finance and tax advice on this transaction.
Jan Fachot, Corporate Tax Partner at PEM Corporate Finance, said: “We are proud to have advised Element Energy in their sales process and wish the management team the best as a member of the ERM 2 group.
“This was largely a team effort on the part of my colleagues at PEM with input from various departments, with special mention to Matthew Eady, Lake Falconer, Ned Brown, Angus Wood, Ben Edwards and Helen Stock.
Legal advice to sellers was provided by Duncan Walker and Ross Fletcher of BDB Pitmans.