Leep Utilities Completes Acquisition of SSE Water
Last mile multi-utility owner and operator Leep Utilities has completed the acquisition of SSE’s water and sewerage networks strengthening the company’s full utility adoption offering.
The acquisition makes Leep Utilities the largest UK operator in the New Appointments and Variations (NAV) Market and sees the business gain over 20,000 customers across 28 sites in Southern England and Wales.
As part of the deal, Leep Utilities welcomes six members of staff with over 130 years’ combined industry experience to the team.
Speaking on the acquisition, Managing Director of Leep Utilities, Louise Manfredi, said: “We are delighted to compete the purchase of SSE Water. The acquisition supports Leep Utilities ambition to provide a full multi-utility adoption offering.
To ensure a seamless continuation of service for customers we’ve worked closely with the existing team to ensure we are delivering the best service possible.”
Leep Utilities combines SSE Water with the company’s own operations in the sector, including networks at MediaCityUK and Liverpool International Business Park.
Alongside the acquisition of SSE Water, the business is in the process of obtaining an Independent Gas Transporter licence which, once received, will allow for the adoption of gas networks, completing the business’ multi-utility adoption offering.
Leep Utilities is backed by Ancala Partners LLP (‘Ancala’), an independent investment management firm and The Peel Group, one of the UK’s leading private real estate investment and infrastructure companies.