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Cowgills advise Palatine on B2W Group acquisition

Cowgills Transaction Services has advised Palatine on B2W Group’s acquisition of ECTA Training.

Palatine backed B2W Group, the leading national skills and training group, has branched out into green skills with its latest strategic acquisition.

ECTA Training, a company specialising in smart meters, electricals, renewables such as heat pumps and solar panel installation training, is the company’s third acquisition since October 2020.

Cowgills advised on the financial and tax due diligence, led by deal advisory partner, Andrew Nelson who also advised on B2W’s acquisition of BePro Development in December 2023.

Andrew said: “Cowgills is delighted to support our long-standing client Palatine on achieving their great joint ambitions with B2W Group. ECTA Training is a fantastic addition to the organisation, and we’re pleased to get this green deal over the line.”

Luke Muscat, CEO of B2W Group said: “A move into the low carbon energy training space is highly strategic as we expect market demand to expand dramatically.

“We remain focused on acquiring niche sector specialist providers such as ECTA and using our platform to support their future growth.”

James Painter, Senior Investment Director at Palatine added: “ECTA represents the third acquisition since our original investment in B2W Group and we see it as a strong strategic fit given the focus on green skills. The sector is still highly fragmented and we are keen to support the group in acquiring more high quality training providers in the future.”

Founded in 2005, ECTA trains over 1,300 people every year. Demand for environmentally friendly technology such as heat pumps, smart meters and solar panels is expected to grow significantly in the coming years as businesses and consumers embrace the challenge of moving to net zero emissions.

The acquisition was funded by Virgin Money, B2W Group’s banking partner, and advisers on the transaction included Browne Jacobson.

Palatine
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The information was correct at time of publishing but may now be out of date.

Corporate Finance
Posted by Cowgills
27th February, 2024
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