Solar and storage developer Anesco has been acquired by Aksiom Services Group – a joint venture between the infrastructure services company Aksiom and the US-based private equity firm Ara Partners – for an undisclosed sum.
Anesco has developed and constructed more than 115 solar farms and energy storage facilities, including the UK’s first subsidy-free solar farm, and its operations and maintenance business is responsible for managing nearly 1.2GW of renewable assets.
As part of the transaction, the company’s main shareholder, Alcentra, has sold its stake following a six-year investment partnership.
Mark Futyan, who became chief executive in February 2020 and will continue to lead the company, said: “This is a pivotal moment for Anesco, as we gear up to deliver the next wave of large scale, subsidy-free solar and energy storage capacity.
“Aksiom and Ara are ideal partners for Anesco, due to their strong focus on the services business model and commitment to supporting the net zero energy transition. We look forward to working with our new investors, to accelerate Anesco’s growth in both our core business areas and by entering new markets.”
Aksiom Group co-founder Luis Pais Correia said: “Anesco has developed and proven a unique and high value-added commercial strategy within the UK renewables market. It has significant further potential to scale rapidly in the UK and elsewhere in Europe.
“They are an ideal partner for Aksiom Services Group, and we look forward to working closely with Mark and the entire Anesco team in the continued development and growth of the company.”