Professional Support to the Wind Industry
PRESS RELEASE
Realise Energy Services announces investment partnership with Rockpool Investments to target further ambitious growth organically and via acquisitions
(Perth, Scotland, 12/09/2023. For Immediate Release.)
Realise Energy Services, one of the UK’s leading technical engineering specialists which maintains a large fleet of onshore wind turbines across the country, has announced today the launch of an exciting partnership with Rockpool Investments, a private equity firm based in London, who have made a multi-million pound investment for a significant stake in the Company.
Supporting its turbines portfolio through the provision of remote monitoring, scheduled and unscheduled operation & maintenance services, plus other elements of asset management, Perth based Realise additionally brings a strong expertise in turbine repowering and installations to the table.
Looking at the UK market, and the need to provide robust levels of customer and turbine support, Rockpool and Realise have agreed that investment will result in a stronger proposition for turbine owners in the UK.
Following the announcement, Realise Energy Services’ CEO, Sheridan Jenkins, said: “We at Realise Energy Services pride ourselves on the quality of both our engineering and customer support teams and the service offering we provide for our clients. The investment from Rockpool marks another stage in our ambitious growth plans. We look forward to partnering with more turbine owners, and are now actively seeking further acquisition opportunities, aided by this investment.”
Mr Jenkins added: “We continue to increase our multi-brand fleet on a regular basis with clients who see our local presence, solid technical and operational capability, strong supply chain and direct links with wind turbine manufacturers as the ideal solution for their wind turbine service and maintenance requirements.”
Since its inception in 2016 Realise has seen an impressive growth journey, including the acquisitions of Wind Technik Nord UK and Optinergy NI. This new investment will assist Realise to accelerate its ongoing growth and development, whilst additionally taking advantage of expansion opportunities within the UK onshore wind market, whilst maintaining its reputation for best-in-class service quality.
Rockpool’s investment was led by Simon Collins and Toby Hurdle. Stuart Black will join the board as Non-Executive Chairman, bringing considerable expertise from senior leadership roles with high-growth, tech enabled business services companies.
Simon Collins from Rockpool Investments said: “We are excited by the opportunity to partner with the excellent Realise team. There is a huge opportunity in the market as owners look towards partnering with trusted specialists in inspection, monitoring and repowering. Realise is well positioned to capitalise on this.”
Realise was advised by HNH (Corporate Finance), MacRoberts LLP (Legal), and Morris and Young Accountants (Financial).
Paul Gleghorne from HNH, the Corporate Finance advisor to management, added: “I am delighted for the Realise team, in securing investment to assist them in their continued evolution. The investment from Rockpool is another example of the value in companies facilitating the use of renewable energy.”
Alan Kelly from MacRoberts LLP, was also quick to add his congratulations to the Realise team, commenting: “The Realise Energy team is one of the strongest and most committed offerings in the current marketplace. It was my pleasure to assist them in this significant deal, which leaves them well placed for the future as renewable energy and its management, maintenance and full optimisation becomes ever more important.”
ENDS
About Realise Energy Services:
Established in 2016, Perth based Realise Energy Services provides a range of asset management services, including monitoring & maintenance, to a growing wind turbine portfolio in England, Wales, Northern Ireland and across Scotland.
Backed up with local presence, solid technical and operational capability, strong supply chain and direct links with wind turbine manufacturers, a wide range of operational & maintenance contracts are available to customers, covering everything from performance analysis and turbine optimisation services, to turbine repowering, system upgrades and retrofits.
Further details at www.realise-energy.co.uk
Organisation: Realise Energy Services Ltd
Address: Unit 7, Inveralmond Way, Inveralmond Industrial Estate, Perth, PH1 3UQ
Phone: 0800 042 0251
Media – For further details please call Clare Graham at Advantage PR on 07879 682339, email Clare@advantagepr.co.uk