Stuart Schofield
Opus Corporate Finance
Pinnacle Power
Deal Type
Company sale
Sector
Energy & Sustainability
Completion Date
12th April 2023
Deal Value
£0m
Company Background
Pinnacle Power is a leading developer and turnkey contractor in the UK district heating market, and has delivered over 100 projects since its inception in 2012. District heating networks link industrial and commercial heat sources with nearby customers, providing a cost-effective, low-carbon alternative to traditional gas boilers in urban locations.
Deal Summary
Opus Corporate Finance LLP is pleased to have advised the shareholders of Pinnacle Power Limited on its sale to independent infrastructure fund manager DIF Capital Partners.
Value Added
The acquisition of Pinnacle Power by Octopus Energy signifies a strategic move aimed at enhancing Octopus Energy's position in the UK energy market. Pinnacle Power's expertise as a developer and turnkey contractor in the district heating market brings valuable capabilities to Octopus Energy. This includes experience in project development, infrastructure management, and integrating low-carbon technologies. These enhanced capabilities bolster Octopus Energy's ability to deliver innovative solutions and maintain competitiveness in a rapidly evolving energy landscape.
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