GMI Energy separates into two following MBO deals

Leeds-based GMI Construction Group has released its GMI Energy division through two management buyout arrangements with existing shareholders to the business.

Managing director Car Nielsen has completed the acquisition of the mechanical and electrical services part of GMI Energy.

Carl has rebranded it to become KNG Building Services Ltd, a part of the Kirk Nielsen Group Ltd.

The facilities management and renewable energy arm has also been bought by directors Phil Roberts and Barry Helliwell, who have rebranded the business to Electric Future Ltd.

KNG now offers the design and delivery of the mechanical and electrical engineering aspects for commercial projects. It will continue with existing contracts with GMI Construction Group, which include Thorpe Park Leeds and St James Retail Park in Sheffield.

Carl Nielsen said: “I am pleased to take the helm with an exciting opportunity to drive the business independently.

“Our team has a combined thirty years of experience in M&E engineering with a background in commercial, industrial and residential projects and we plan to take the business forward with a more focused proposition.”

Electric Future will also continue to trade as normal for existing clients and contracts.

Phil Roberts commented: “It’s an exciting time to be in renewables and we are focusing our offer around the complete lifecycle of solar, battery, vehicle charging and related monitoring and maintenance.

“These four areas will become increasingly combined over the coming years with the significant cost advantages of using solar power and electric vehicles. We are excited to pursue these new opportunities into the ’electric future”.

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