Stark announce acquisition of Squire Energy
Stark Software International Holdings Limited (“Stark”), a leading provider of energy data and analytics services, has announced the acquisition of the entire issued share capital of Squire Energy Holdings Limited (“Squire”), a leading gas siteworks and metering business and Independent Gas Transporter (IGT).
The acquisition creates a leading end-to-end energy services group, uniquely positioned to give businesses and energy suppliers unrivalled service quality from network connection, through the meter, to managing energy on site.
“Stark’s acquisition of Squire is an endorsement of their market leading siteworks and metering expertise and track record of providing outstanding service to businesses. The combination will allow Stark to offer both new connections and complex gas metering solutions to its client base of suppliers, intermediaries and energy consumers, underpinned by Squire’s deep technical expertise. The increasing ability of the Group to provide end-to-end services from the network through the meter and ultimately to the consuming asset is hugely exciting and reinforces Stark’s position as the UK’s leading independent provider of metering, data and analytics services.”
“We have been amazed at the cultural fit between Stark and Squire. Both organisations share a clear customer focus and an inner drive towards providing excellence for our respective client bases. The Squire Management team are committed to growing the existing business whilst leveraging the Stark capabilities to help it reach its full potential. There are significant opportunities across the UK for a new kind of siteworks and metering business and we are excited by the prospect.”
“Squire is a terrific business that has been really well run by the existing management team. Stark will be able to leverage its financial and commercial expertise to help Squire grow beyond its existing means. The combined balance sheets will allow both businesses to access customers at scale that would have been historically more difficult. The appetite for Squire’s services in the market is significant and the combination makes us true contenders.”
“There are a number of unique and interesting programmes in the market that Squire has been examining in some detail. Adding the capabilities of Stark into that offering will allow Squire to unlock those opportunities more rapidly than was previously possible. The collaboration will allow us to continue to provide second to none customer service to both suppliers and clients. This comes at an exciting time as we look to unlock the potential from the recent acceptance as an Independent Gas Transporter.”
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