Portfolio News

LDC portfolio company Inprova powers up for growth

Procurement outsourcing specialist Inprova Group has launched its new energy business Inprova Energy – following its acquisitions and integration of the established energyTEAM, ENER-G Procurement, and UES Energy businesses.

The newly branded business – Inprova Energy – is already one of the top ten business energy procurement and management consultancies in the UK and has a 40-year history. 

Last year, the company managed almost 3,000 gas and electricity supply contracts worth nearly £1billion. It now aims to build on its strong reputation as a trusted energy advisor to pursue further growth.

The 100-strong Inprova Energy team helps a wide variety of businesses, including Virgin Atlantic, Hotel du Vin, National Grid, Carlsberg and retail group White Stuff, to reduce energy costs and manage energy efficiency and compliance. The company's specialist water division is also helping organisations to prepare for water market reform. 

Paul Kennedy, Inprova Group Chief Executive, said: "Since acquiring three energy consultancy businesses in 2015, we have now completed their integration into Inprova Group and the launch of Inprova Energy completes this process. The size and scale of our energy business enables us to negotiate highly competitive contracts for customers by taking a larger aggregation of spend to market, whilst ensuring we’re agile and flexible to always take care of each of our customer's specific needs."

"Inprova Energy has ambitious growth targets and further acquisitions will never be off the table. Our vision is to be the most trusted energy advisor in the UK and it is this that drives us to deliver the best customer experience for our clients.  We are close to being one of the UK's top five third party intermediaries, but our main focus is on delivering world-class operations and providing a truly trusted and outstanding service."

During the last 12 months, customers benefited from £5 million worth of savings through the expertise of Inprova Energy advisors, working with 21 different energy suppliers to negotiate flexible, fixed and collective contracts.  

The company has offices in Warwickshire, Cheshire, Sussex and Caerphilly, as well as a procurement operation in the US. It works with organisations of all sizes and across all sectors – both public and private – to provide a 'total energy management' approach to improving business performance through smarter energy management. This includes business energy purchasing and analysis, energy and water auditing and management, carbon reduction and reporting and legislative compliance.

As members of the Energy Institute's Register for Chartered Energy Managers and Register of Professional Energy Consultants, Inprova Energy's chartered advisers are qualified  ESOS Lead Assessors, and certified to deliver Carbon Trust Standard, ISO 50001 and carbon footprint measurement services.

Article Footnotes

Notes to Editors

  1. LDC is part of the Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority
  2. LDC back ambitious management teams from UK-based companies seeking between £2m and £100m of equity for management buy-outs, institutional buy-outs or development capital transactions.
  3. LDC invests in a broad range of sectors and has particular experience in Construction & Property, Financial Services, Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure and Support Services.
  4. LDC has a UK regional network of 9 offices.