Energy consultancy Inenco’s CEO steps down

The head of energy consultancy and procurement specialists Inenco is stepping down from the board with immediate effect. Michael Abbott, who led the company since 2009, said it’s “time to move on to the next stage” of his career. Chairman Patrick Macdonald will now lead the business as interim CEO. He started his professional career […]

Talking Energy with Michael Abbott

Big questions about the rules of operating hang over energy consultancies right now – so how does Michael Abbott, CEO of Inenco Group see the future of the sector? It’s “not a one hat fits all market” he tells ELN’s Geoff Curran on the topic of a new mandatory code of conduct for brokers. Watch on to hear how he made it […]

Enserve Group completes energy division sale for £140m

Energy broker Inenco is planning “a series of national and international acquisitions” as it completed its sale worth around £140 million today. The energy division of Cinven-backed infrastructure services provider Enserve Group, Inenco has been sold to funds managed by private equity firm Vitruvian Partners and Intermediate Capital Group. Chief Executive Michael Abbott said: “Vitruvian […]

Enserve Group sells energy division Inenco

Lancashire-based energy broker Inenco Group has been sold to funds managed by private equity firm Vitruvian Partners and Intermediate Capital Group for an undisclosed sum. Inenco, which provides energy procurement and risk management services for more than 9,000 customers, is the energy division of infrastructure services provider Enserve Group, which is owned by Cinven. Cinven […]