With this acquisition, BIP and Verco demonstrate their joint dedication to sustainability and addressing climate change. Over 80 net zero Verco professionals will join forces with BIP’s Sustainability Centre of Excellence for a more comprehensive and impactful service benefiting society and the planet.
BIP, a leading multinational consultancy firm, announces its acquisition of Verco, an award-winning energy management and sustainability business providing zero-carbon solutions for a wide range of organisations.
Like BIP in the UK, Verco is a Certified B Corporation helping companies across industrial, central government, retail and commercial real estate sectors reduce their environmental impact with data-driven analysis, net zero strategies and transition plans.
With this acquisition, BIP and Verco demonstrate their joint dedication to sustainability and addressing climate change. Over 80 net zero Verco professionals will join forces with BIP’s Sustainability Centre of Excellence for a more comprehensive and impactful service benefiting society and the planet.
The partnership grants access to more extensive resources, cutting-edge technologies, research assets, expertise and international talent, enabling BIP and Verco’s clients to better meet their sustainability and ESG goals in an ever-evolving landscape.
The deal is part of BIP Group’s broader strategy of non-organic growth, expanding its geographic coverage, supply of cutting-edge technologies, and international expertise and talent in the global market. In addition to the UK, BIP is considering numerous options, with a focus on France and Germany.
Danilo Perrucci, Head of Sustainability & Energy Management Global at BIP, comments:
“We are thrilled to be working closely with Verco, an organisation that mirrors our dedication to providing solutions for a zero-carbon future. With the world already experiencing the damaging effects of climate change, we look forward to leveraging our combined strengths to help meet the growing demand for net zero and sustainability support across a wide range of business sectors.”
Dave Worthington, Managing Director at Verco, added:
“At Verco, our mission is to provide solutions for a zero-carbon world, by making a material difference to global carbon targets, building a community of passionate professionals, and entering long-term collaborations and partnerships. We are immensely proud of the strides we’ve made so far, and now, strengthened by BIP’s expertise and geographic and sectoral breadth, we are poised to rapidly accelerate our mission.”
The deal marks the beginning of an exciting new chapter, accelerating both companies’ sustainable impacts on a global scale.
For the acquisition, BIP was assisted by the law firm Allen & Overy, with a team led by Paolo Nastasi (Partner), and composed of Enrico Roveda (Associate), Davide Cinefra (Associate) and Chiara Basile Baldassarre (Trainee) from the Milan office, as well as Harsh Pais (Partner), Gareth Banfield (Counsel), Andrew Pang (Associate) and Frederic Pilkington (Associate) from the London office.
KPMG followed all legal, labor, tax and financial due diligence activities, with a team led by Lorenzo Brusa, Sabrina Pugliese and Valeria Peccerillo, and composed of Matteo Ghislandi, Cosimo Garofalo, Simone Conti and Claudia Pussini.
On BIP’s side, legal activities were coordinated by Group General Counsel Lodovico Bianchi Di Giulio, while the M&A Team led by Managing Partner Andrea Airaghi and composed of Giovanni Errante Parrino (Director) and Stefano Luciano (Manager) followed all phases of the transaction up to closing.
Verco has been advised by Waypoint Partners, Lee & Thompson LLP, Parisi Tax LLP and Francis Clark LLP.
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