Bristol Energy's residential customer base has been acquired by Together Energy.
The sale to Together Energy for £14 million will see the company acquiring 155,000 residential meter points and the Bristol Energy brand and systems.
Bristol City Council, which founded Bristol Energy in 2015, announced earlier this year it would be selling the company, completing the sale of the business customer base last month.
During negotiations, Together Energy committed to guaranteeing the jobs of 110 frontline workers who will now TUPE into the company and remain in Bristol.
Paul Richards, CEO of Together Energy said: "There are great synergies between both companies and the acquisition is a natural fit to our growth strategy. We are an employer with strong social ethics and in the current climate are delighted to have secured so many jobs.
"We are delighted to welcome Bristol Energy’s customers into the Together family and want to assure them that nothing is changing – tariffs, terms and conditions and how you contact Bristol Energy will all remain consistent. We also recognise the value of the brand and plan to retain it."
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CONSTRUCTION DIRECTORY
Construction News
09/09/2020
Together Energy Acquires Bristol Energy's Residential Consumer Base
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