Spice utility support announces growth strategy
UK utility support services firm Spice has unveiled its growth strategy and announced it will now be called EnServe Group following its £251.1m buyout in 2010.
The new name forms part of Spice’s strategy to double the business size over the next four years under its new corporate identity. It was acquired in December 2010 by European buyout firm Cinven, which appointed former Centrica chief executive and ex Manchester United chairman Sir Roy Gardner as chairman.
It is anticipated that Sir Gardner will support Spice’s future growth through organic expansion, acquisitions and by proving a broader geographic outlook.
Commenting on the decision, EnServe chief executive David Owens said: “The EnServe strategy is to double in size over the next four years, while ensuring that we exceed our customers’ service expectations.
“Our four divisions, electricity, water, energy and billing are perfectly positioned to take advantage of the excellent market conditions within which they each operate.”
Spice currently works in partnership with a large number of commercial, public and utility organisations, operating in more than 30 locations across the UK, including Inenco, NIFES Consulting Group, Freedom Group, H20 Water Services, and Meter-U.