Industrial decarbonization-focused private equity investor Ara Partners announced today the acquisition of Anesco, a UK market leader in renewable energy. The acquisition was made through Ara Partners’ company Aksiom Services Group, which provides high-value, high-complexity technical and commercial services to the European infrastructure market.

Anesco manages the development, design, construction, maintenance and market optimization of renewable energy and energy efficiency projects. The company’s operations and maintenance service now has close to 1.2GW of renewable assets under management, and Anesco has developed and constructed more than 115 solar farms and energy storage facilities, including the UK’s first solar farm free from subsidies.

Charles Cherington, Co-Founder and Managing Partner of Ara Partners, said:

“Our focus is on accelerating decarbonisation by investing in and building ambitious companies, which have energy efficiency and sustainability at their heart. We look forward to working with the team at Anesco, to foster growth and advance the green agenda.”

Anesco will continue to be lead by CEO Mark Futyan, who joined the company in early 2020. Futyan said:

“This is a pivotal moment for Anesco, as we gear up to deliver the next wave of large scale, subsidy-free solar and energy storage capacity.

“Aksiom and Ara are ideal partners for Anesco, due to their strong focus on the services business model and commitment to supporting the net zero energy transition. We look forward to working with our new investors, to accelerate Anesco’s growth in both our core business areas and by entering new markets.”