Dunfermline firm M&C Energy expands US footprint
M&C Energy has expanded its American footprint by acquiring Arizona-based energy consultants Coleman Hines.
The move comes only a few months after the Dunfermline-based energy management consultancy firm opened its first US office in Atlanta, Georgia.
Coleman Hines provides services at nearly 35,000 sites in the US and Canada, particularly in the retail, restaurant and commercial sectors.
M&C Energy already has 18 offices in 13 countries and clients in 40 countries.
The group said the latest acquisition would help it grow its business in North America.
M&C Energy Group chief executive Mark Dickinson said: "Bringing M&C Energy Group and Coleman Hines together now creates an exciting prospect within the energy consultancy sector in North America.
"Not only will they increase our reach in North America, but Coleman Hines provides M&C with a number of exciting products and services specifically developed for the local markets, which will strengthen our portfolio of services.
"While M&C is a well-known industry-leader around the world, the North American market is relatively new to us and bringing Coleman Hines on board will strengthen our foothold and market position there."
UK-based investor Lyceum Capital acquired M&C Energy Group for £22m in 2010.
Since then M&C, which offers companies energy procurement and compliance services, has made a number of strategic acquisitions, including businesses in the UK, Germany and Australia.
Recently M&C added a Brisbane office to its existing Australian operation. A New Zealand office is expected to open in the spring.