IMServ’s resilient, non-discretionary metering services help enable its high-margin, recurring data intelligence business.
Metering services include the installation, replacement and maintenance of industrial & commercial electricity meters, with the business having a portfolio of 1.25M+ meters in the UK. Data services include end-to-end data management; the collection, validation and combination of critical energy data supporting energy compliance and helping organisations improve their energy efficiency.
Approx. Revenue
£75m
Employees
~600
Countries
United Kingdom
Bolt-on acquisitions
4
Why we invested
01
Provider of mission-critical metering services and energy data infrastructure.
02
Highly recurring revenues supported by long-term contracted data and maintenance services.
03
Structural regulatory tailwinds from the UK’s market-wide half-hourly settlement (MHHS) transformation.
04
Attractive financial profile with an asset-light operating model and strong cash generation.
Buy-and-build
Acquisitions completed under Bluewater ownership, building Authentix into an integrated global authentication and supply-chain integrity platform.