PERTH-based Realise Energy Services, a technical engineering specialist which maintains a large fleet of onshore wind turbines, has announced the launch of a new partnership with private equity firm Rockpool Investments.
Supporting its turbines portfolio through the provision of remote monitoring, scheduled and unscheduled operation and maintenance services, plus other elements of asset management, Realise brings expertise in turbine re-powering and installations to the table.
Rockpool and Realise have agreed that investment will result in a stronger proposition for turbine owners in the UK.
Sheridan Jenkins, Realise Energy Services’ CEO, explained, “We at Realise Energy Services pride ourselves on the quality of both our engineering and customer support teams and the service offering we provide for our clients. The investment from Rockpool marks another stage in our ambitious growth plans. We look forward to partnering with more turbine owners, and are now actively seeking further acquisition opportunities, aided by this investment.
“We continue to increase our multi-brand fleet on a regular basis with clients who see our local presence, solid technical and operational capability, strong supply chain and direct links with wind turbine manufacturers as the ideal solution for their wind turbine service and maintenance requirements.”
Since its inception in 2016 Realise has seen impressive growth, including the acquisitions of Wind Technik Nord UK and Optinergy NI.
Rockpool’s investment was led by Simon Collins and Toby Hurdle. Stuart Black will join the board as non-executive chairman.
Simon Collins from Rockpool Investments said, “We are excited by the opportunity to partner with the excellent Realise team. There is a huge opportunity in the market as owners look towards partnering with trusted specialists in inspection, monitoring and repowering. Realise is well positioned to capitalise on this.”
Realise was advised by HNH (corporate finance), MacRoberts LLP (legal), and Morris and Young Accountants (financial).
