Kinect Energy Group Acquires Orchard Energy from Lakehouse Group Strategic Acquisition Expands Global Energy Management Footprint in the UK
October 2, 2017 – LONDON – Kinect Energy Group, a World Fuel Services company, today announced the acquisition of Orchard Energy (Orchard) from Lakehouse Group. The acquisition was completed on October 1, 2017.
Orchard provides energy management services to more than 1,500 commercial and industrial customers, including brokering supply with utilities firms, managing contracts, and advising on energy consumption. Orchard also has strong commercial relationships with leading UK utilities providers. The business employs 72 staff and is based in Elland, West Yorkshire, with offices in Glasgow, Bristol, Newcastle, and Northampton.
“Orchard is an excellent business that I am sure will thrive under the stewardship of World Fuel Services,” said Bob Holt, executive chairman of Lakehouse Group. “I would like to record my thanks to the directors and staff of Orchard for their professionalism and dedication during their time within the Lakehouse Group.”
Kinect Energy Group provides comprehensive energy management and procurement capabilities globally as demand grows within all commercial and industrial sectors. Kinect offers a custom crafted approach to each customer to deliver maximum efficiency and performance.
“The professional team at Orchard will immediately bring capabilities and well known expertise to expand our offers within the UK, Ireland, and Europe,” said Terry Cogan, vice president at Kinect Energy Group. “We welcome Orchard to Kinect Energy Group and look forward to working together to meet increased demand for energy management services in multiple market segments.”
About Kinect Energy Group
Kinect Energy Group began in 2016 but the roots of the company have been around for decades. The company represents the collective talents of Bergen Energi, Nordisk Energipartner, U.S. Energy Services, UX Energy, Beach Front Energy, and KTM, Inc. Each company brought regional expertise and unique insights to make Kinect Energy Group who it is today: a leading global energy management company. For more information, visit www.kinectenergy.com.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide. For more information, call 305-428-8000 or visit www.wfscorp.com.