Cotswold Energy Group sold to Hampshire company

A Stonehouse renewable energy company has been bought by Fareham-based South Coast Insulation Services (SCIS).

Cotswold Energy Group’s co-founders, Jon Bonnar and Robin Hodge, will remain with the business as it continues to operate as a separate division to SCIS. The other co-founder, Aaron Stuart-Kelso, has left the business.

The deal, supported by FRP Corporate Finance in Bristol, will enable SCIS, which has a secondary office in Devon, to diversify into additional energy efficient technologies and practices, including ground and air source heat pump installation. Established in 2010, SCIS’ clients include housing associations and property owners, with the firm delivering fully integrated insulation solutions as well as funding support.

SCIS CEO Nicolas Gillanders said: “The importance of the climate emergency cannot be understated and we are seeing that reflected in the demand for our services, as homeowners, private landlords and housing providers review the energy efficiency of their properties in light of both this and the costof-living crisis.”