Rubicon and Grovepoint Acquire EnServe Group From Cinven

EnServe is a leading provider of infrastructure support services to the utilities sector, operating principally in the UK. EnServe was acquired during December 2010 by Cinven and today comprises three divisions: Electricity, Utility Services and Analytics. The Group works in partnership with a large number of commercial, public and utility organisations, operating from more than 30 locations across the UK and employing 1,650 people.

EnServe comprises the following three divisions:

• The Electricity division incorporates Freedom Group, which provides engineering design, installation and maintenance services to the utility sector and wider markets, working primarily with electricity distribution networks and private network owners
• The Utility Services division operating under the Meter-U and Metro Rod brands, provides meter reading services to Energy and Water Utility companies and waste water drainage services to water companies and commercial / domestic clients
• Evolve Analytics is a software provider specialising in the identification and correction of settlement and billing error in the energy sector and providing Business Intelligence solutions to energy retailers. It uses proprietary software, combined with detailed knowledge of the energy settlement process, to unlock financial and operational performance improvements for utilities companies.

In the year ended 30 April 2015 the Group had a turnover of c. £200m.

Grovepoint and Rubicon have joined together in partnership to make several successful investments since 2010. As the new owners of EnServe, they will combine hands-on strategic and operational management expertise with the capital and market insight needed to maximise the potential of each of the Group’s businesses.