United Living buys two renewable energy businesses

United Living Group has announced the acquisition of a majority stake in two businesses operating in the renewable energy market.  

Inside the deal: The takeovers are of GTEC Training Limited, a renewable energy training specialist, and Thormer Solutions Limited, the developer of Heatly, a heat pump system design app. 

Hawes-based GTEC provides retrofit training and formal qualifications in the net zero space. 

It has more than 19 locations throughout the UK and the Channel Islands and provided more than £3 million of funded training places through various government schemes in the last four years. 

Thormer Solutions, a subsidiary of GTEC, developed an integrated software package and app, Heatly, which digitalises, expedites and improves heat pump design and installation accuracy, it says. 

Managing director Griff Thomas said the acquisition will accelerate market deployment of Heatly for the heat pump sector. 

GTEC will continue to operate as a standalone business. 

Advising 

Advisors to United Living: 

• Cavu (Corporate Finance)  

• Addleshaw Goddard (Legal) 

• Deloitte (Tax Due Diligence & Structuring) 

Advisors to GTEC:  

• WDS Accountants (Tax Due Diligence & Accounting) 

• Clarion Law (Legal)  

• BHP (Tax Planning & Structuring) 

Thomas said: “Like us, United Living is committed to promoting and contributing to a sustainable future, and through their support we can bring our industry-leading training to a wider audience, as well as directly supporting United Living’s training needs and those of its customers. 

 “Heatly is set to be a real game-changer for the heat pump sector, removing some of the barriers to take-up and improving outcomes for installers and their customers.” 

United Living CEO, Neil Armstrong, said: “This acquisition will help us to address one of the key challenges facing us, our clients and industry as a whole; which is to bridge the skills gap and expand workforce capability and capacity.” 

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