Scotia Energy Saving Systems has become the latest company to join ID Support Services (IDSS) as part of its expansion through acquisition strategy.
Scotia Energy Saving Systems has become the latest company to join ID Support Services (IDSS) as part of its expansion through acquisition strategy.
The support services specialist bought the air conditioning, heat recovery, refrigeration, heating and ventilation systems provider for an undisclosed sum.
The acquisition broadens IDSS’ client base and its geographical coverage, and is the latest addition to its portfolio following its takeover of security and alarms company Intact Electronics in December.
Scotia, which supplies its products and services across Scotland and northern England, will now trade as part of IDSS’ GK Industrial subsidiary.
IDSS chairman Brian Dunn said he is expanding every area of the group and the acquisition of Scotia is a significant development for GK Industrial.
“Scotia Energy fits perfectly with our growth strategy for GK Industrial, and strengthens its position as the leading national provider of climate control and energy efficiency solutions,” he added. “We plan to make further acquisitions as we build the group’s business to our target of £100 million sales.”
Scotia Energy managing director Phil Vaughan added that he was impressed with IDSS’ ideas and vision for the business. “When we realised that GK Industrial was similar to ourselves in focusing on providing a quality service, it was easy for us to make our decision to join IDSS.
“We are confident that the future of Scotia Energy Saving Systems looks positive,” he added. “Being part of a larger organisation secures the future of the company and the employees, and gives us greater opportunities to expand our already successful business.”
The environmental due diligence review of Scotia Energy’s business was managed by Simon Turner, a director at Argyll Environmental, who was introduced to the deal by Tods Murray Solicitors.
Turner said the firm was approached to work on the deal due to its ability to provide detailed turnaround reports to tight deadlines.
“We were asked to complete a rapid turnaround desktop environmental liability risk assessment,” he added. “This manual, detailed, desktop was completed within hours and despatched to the client within the given timeframe.”
Middleton-based IDSS employs more than 150 people and operates through two trading groups offering support services to blue chip, multi-site customers in the retail, leisure and commercial sectors.
Doncaster-based GK Industrial offers energy efficient climate control, heating, ventilation and air conditioning systems, while its ID Technology division specialises in CCTV, access control and electronic tagging systems, with a specialist alarms division ID Intact.
Scotia Energy, which started trading in 1980, employs more than 60 staff and is headquartered in Glenrothes, Scotland.