LONDON, UK, November 4th, 2024: Cap10 portfolio company Sureserve Group (“Sureserve”), UK’s leading energy and compliance services provider to the social housing sector, has announced that it has acquired Low Carbon Exchange Limited (LCX), marking its third strategic acquisition in 2024, following Duality Group and Swale Heating.
LCX, the largest renewables provider in the Southwest, is a market leader in providing installation and maintenance services for renewable energy solutions with expertise across solar PV, air source heat pumps (ASHPs), and whole-house retrofits. LCX will not only expand Sureserve’s geographical coverage, but also its capabilities to deliver sustainable, affordable energy solutions in social housing and public communities across the UK.
Aligning with Sureserve’s mission to become the trusted partner of choice in social housing and related public sectors for essential and affordable energy solutions, Graham Levinsohn, Group CEO of Sureserve, stated, “We are thrilled to welcome LCX into the Sureserve family. This acquisition is a strategic move that reinforces our goal to lead in decarbonisation efforts within the UK.”
Fabrice Nottin, Founding Partner at Cap10, commented, “The LCX acquisition mirrors Cap10’s commitment to sustainable and responsible investing, addressing societal challenges head-on, particularly in ESG. This acquisition continues Cap10’s strategy to advance decarbonisation efforts and support Sureserve’s leadership in affordable, sustainable energy solutions for communities across the UK.”
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