Green Sky Energy is the parent company to Manchester-based Matrix, which offers a suite of energy efficiency and management services, based on advanced metering and building energy management technologies.
LDC backed Matrix in 2010 and since then the business has transformed from a traditional building controls company into an integrated energy management services provider.
LDC supported the buy and build strategy of the business through acquisitions of DWEC in 2010 and ACME in 2011, which have helped further cement the business’s position in the UK energy efficiency market. The expansion of the retained client base, which has been supported by significant investment in infrastructure, saw revenues at the business more than double from £25million (2010) to £54million (2012). Staff numbers at the business also increased from 105 to 340.
In 2013, LDC completed the sale of Green Sky Energy to E.ON Connecting Energies, a new global unit of E.ON (DAX: EON), focusing on energy efficiency and distributed energy solutions in the B2B sector. The business will continue to operate under the Matrix brand as a standalone entity in ECT, which is headquartered in Essen, Germany. The exit generated a return for LDC in excess of 4x money multiple.
The backing of LDC will enable us to build a true market-leading presence in the energy management sector with unrivalled depth and breadth of capability and skills, both technical and operational.Chief Executive, Matrix