Palatine-Backed Anthesis Acquires Energy Specialist
- Third strategic M&A deal in six months, following Climate Neutral Group and Provision Coalition
- Sustainability activator grows to more than 1,000 experts in less than 10 years
Anthesis, the world’s largest dedicated group of dedicated sustainability experts, has acquired UK-based energy specialists, Padd Energy.
This deal marks the third M&A transaction for Anthesis in six months following the acquisition of Canadian agri-food sustainability consultancy Provision Coalition Inc, and Climate Neutral Group, a Net Zero authority based in the Netherlands, Belgium, and South Africa.
Established in Yorkshire in 2013, Padd Energy is a specialist energy engineering consultancy passionate about creating power and energy from renewable and sustainable sources whilst reducing emissions from fossil fuels.
Padd Energy works with some of the world’s largest corporations to identify, agree and meet net-zero commitments, such as Arla, and Reckitt. Specialising in Waste-to-Energy and Biofuels to Renewables and Heat Networks, Padd Energy has delivered projects, from strategy to implementation, for clients across all major sectors and in locations including Europe, Asia and South America.
The 12-strong firm of impact-led engineers, with offices in London, Harrogate and Glasgow, is led by Managing Director Chris Paddey, a former EMEA Managing Partner and Board Director of ERM. Padd Energy’s energy sector expertise will complement and bolster Anthesis’ established Energy Systems team, working together to help tackle the global energy crisis and transition our clients and partners on their net-zero journey by reducing carbon emissions and providing greater importance on energy security.
This announcement is another significant milestone in Anthesis’ growth strategy following our investment last year and marks Anthesis’ 16th merger and acquisition deal since establishing in 2013.
Tristan Craddock, Impact Partner at Palatine, said: “Aiding the transition to net-zero is one of the key priorities of Palatine Impact so we are delighted to support Anthesis in this strategic acquisition – the third since our investment last year – which will further expand and enhance their sustainability solutions.
“Padd Energy is at the cutting edge of the energy sector, working closely with global businesses to help them reduce their carbon emissions, and I am confident Chris and the team will make a significant contribution to Anthesis moving forward.
“Having supported the Group as it has grown to more than 1,000 experts, we are continuing to work with the Anthesis leadership team to identify similar complementary acquisitions which will help them to deliver their sustainability mission of eliminating 3Gt of CO2 by 2030.”
Brad Blundell, Managing Director of Anthesis Europe, Middle East, Latin America and Africa, added: “We’re very pleased to welcome the Padd Energy team to Anthesis. Since the beginning of 2022, the global energy crisis set a new level of priority for low-cost, clean energy, compounded by the war in Ukraine, the steep rise in inflation and the climate emergency.
“Our new combined powerhouse of energy expertise, bolstered by the broadest range of sustainability specialisms in the market, provides our clients and partners with the optimal support needed to navigate through these complex and challenging times.”