UK Energy Saving Leader Makes Right Acquisition

New Zealand whole house energy efficiency company acquired by Mark Group.
By: Mark Group
 
July 1, 2011 - PRLog -- Mark Group, the UK’s largest energy saving installation business with a heritage spanning almost four decades, has today announced its acquisition of New Zealand-based, Right House from Meridian Energy.

The addition of the ‘whole house’ energy saving business to Mark Group’s portfolio is the first made by the business in its 36 year history. It follows Mark Group’s successful organic international growth into Australia and North America in 2009 and 2010 respectively.

Founded in 2007 as a subsidiary of New Zealand’s largest electricity generator, Meridian Energy, Right House has established itself as a popular and successful brand amongst its local market place.  Now, as part of the Mark Group family, Right House will retain its own identity whilst playing a pivotal role in furthering the Group’s development on the global energy efficiency stage.

Chris Brazendale, President, International Operations at Mark Group, said: “Starting in the UK as a regional company performing home insulation, we have grown to become an energy efficiency expert with a 1,500-strong workforce in 25 worldwide locations. The ‘whole house’ approach to energy saving has been at the core of the Right House business since day one meaning that the business is a wonderful fit with Mark Group.
“Right House matches our model for growth we are looking forward to a very positive future with them on board.”

Through the acquisition, all of Right House’s employees and operational bases will be retained and Hamish Sisson will remain as Chief Executive Officer. Commenting on the acquisition, Hamish added: “We have enjoyed a successful three years as part of Meridian Energy but have reached a point where we are ready to grow our business further. We are excited about joining Mark Group, given the company’s clear success both in the UK and overseas, and believe this will present a great many opportunities for us and our associates in the future.”

The acquisition takes Mark Group’s operational bases to 25 and employee count to over 1,500 worldwide. Right House has a sales forecast of over $20million NZD for the current financial year.

For further information visit www.markgroup.co.uk and www.righthouse.co.nz

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Mark Group is a leading installer of energy-saving solutions to the domestic market. Founded in 1974 Mark Group now employs over 1,500 people across the UK, US, Australia and New Zealand, who are dedicated to providing a 'whole house' solution to energy-efficiency.
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Zip:LE4 1AW
Tags:Energy, Meridian, Mark Group, Right House
Industry:Energy
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