Cornwall Insight notes the proposed acquisition[1] of Utility Team by eEnergy Group plc announced earlier today. Both companies feature in Cornwall Insight’s Index of energy third party intermediaries (TPIs) serving industrial and commercial (I&C) customers. Based on the latest Index calculations at April 2021, Beond Group ranked at joint 16th with an I&C Index score of 16 alongside Utility Team also ranked at 16th with an Index score of 16. Our initial assessment is that after the acquisition is concluded, eEnergy Group plc would score 23 on the Index and have a ranking of 5th.
Notes to editors:
- Cornwall Insight has been deriving its TPI Indexes since 2014. The Indexes allow ready consideration at a point in time of the market presence of the leading TPIs and how these companies have developed over time, organically or through acquisition. More information is available at https://www.cornwall-insight.com/insight-services/tpis-in-the-business-and-industrial-supply-markets/
- eEnergy Group plc has to date appeared in the Cornwall Insight Index of energy third party intermediaries as Beond Group, one of its trading brands.
[1] https://www.londonstockexchange.com/news-article/EAAS/acquisition-and-placing/15136441
