Green insulation firm buys flooring contractor

Grant Prior 9 months ago
Share

Insulation manufacturer and installer energystore has acquired a majority share in Scottish specialist flooring contractor Advanced Traditional Screeding (ATS).

Connor McCandless, Managing Director of energystore and Jason Lister, Managing Director of ATS
Connor McCandless, Managing Director of energystore and Jason Lister, Managing Director of ATS

Energystore designs, manufactures, and installs insulation systems for floors, walls and roofs and is the leading supplier of high-performance EPS (expanded polystyrene) bead insulation products to the UK and Irish construction industry.

Fife-based ATS was established in 2014 and works with commercial customers across Scotland and the rest of the UK on all aspects of pre-construction and construction flooring installation, with experience of all types of screeds, resins and underfloor heating systems.

ATS has been a long-term installer of energystore products including eps beads coated in an innovative additive with cement to create a pourable insulation. This unique poured insulation offers a non-combustible alternative for use in floor and roof construction as a high strength void former or insulation.

Following the acquisition, ATS will continue to operate as a standalone company within the energystore group and all 17 staff will be retained.

Jason Lister, founder and Managing Director of ATS, will continue to lead the business following the acquisition by energystore.

Connor McCandless, Managing Director of energystore, said: “We have known Jason and his team at ATS for a number of years and have been impressed by their work for tier one construction firms across a wide range of projects.

“We have been looking at opportunities to grow energystore’s footprint across the UK and we felt that ATS’s culture, values and growth ambitions were very aligned with our own.

“Like us, they are a company that is committed to delivering quality work and to supporting the communities they work in. We were already working together on some exciting development opportunities, so it has been an easy move to formally join forces.”

Lister said: “I’m really proud to be able to announce this partnership with energystore at a time when ATS has been enjoying significant growth and has a very healthy order book for the year ahead. In the most recent financial year ATS grew our turnover to a record £5m and I am confident we will increase that again this year.

“As a customer and installer we know they are a company committed to innovation and sustainability. ATS now has a great opportunity to expand the range of products and services we provide to our customers as part of the energystore team. It is a very positive day for the company, our people and our customers.”

Energystore currently operates from six locations across Northern Ireland, the Republic of Ireland and Great Britain, employing 90 people and supplies homeowners and commercial customers, including construction companies, new build developers and housing associations.

Latest news

Wates wins fit-out for Manchester First Street Hub

Smartspace arm secures another Government hub deal
13 hours ago

Big trade names dropped in M Group rebrand

Acquisitive group formed from Morrison Utility services in 2016
11 hours ago

Breyer Group files administration notice

Staff hope rival firm could buy assets and save jobs
16 hours ago

Peel Ports reveals winners for £750m framework

18 firms win places on deal: Full list
14 hours ago

Former Severfield director takes helm at Embrace Steel

New CEO Martin Kelly aims to step up expansion of steelwork contractor
16 hours ago

£302m upgrade funding awarded to FE colleges – list

Cash shared out between England’s 179 college groups
16 hours ago

FK Facades thrives but construction arm hit by ISG row

Dispute with failed contractor costs specialist £5.5m
17 hours ago

Galliford Try gets go-ahead for Milton Keynes PRS tower

33-storey tower needs gateway 2 approval before work can start
1 day ago

Small house builders get £150m funding for green homes

Developers will have to meet-up to ten new criteria to benefit from interest rate discounts
16 hours ago

Lendlease Construction renamed Bovis

US private equity firm completes £35m purchase of UK contracting business and rebrands
2 days ago

Breyer Group battles for survival as rivals circle

Housing maintenance firm fights three winding up petitions in a month
2 days ago

Careys facing £2.4m claim by developer over demolition cartel

Giant Hong Kong developer claims it was overcharged on Lots Road Power Station job
2 days ago

Multiplex profit drops a third as revenue rises to £780m

Spate of new orders sets contractor up for three years of work
2 days ago

Galliford Try and Breheny land latest Sizewell C road deals

More infrastructure deals for new nuclear power station
2 days ago

Worker trapped in collapsed septic tank pit

Contractor and director fined after worker suffers multiple fractures
2 days ago

Homes England buys stalled Broad Marsh site

Demolition to finally be completed as developer hunt begins
2 days ago

Vistry go-ahead for 353 homes at Rochester Riverside

Work to start on next phase of Kent town regeneration at end of this year
3 days ago

M&E firm J S Wright collapsed owing £19m

Trade creditors hit for £11.4m by employee-owned Midlands firm
3 days ago

Right to work checks to be extended to self-employed

Government plans crackdown on illegal working and rogue employers
3 days ago

Midlands developer turns to London with £1bn resi schemes trio

SevenCapital plans 1,000 flats in Kensington, Islington and the Isle of Dogs projects
3 days ago

Deck falls off huge scissor lift at Winvic site

Two men seriously injured as platform plunges to the ground
5 days ago

Weston targets Build to Rent with new division

Weston Partnerships signs first deals with asset managers and councils
3 days ago

Bouygues seals deal for £119m Cardiff college campus

Construction to start in June on two new buildings
5 days ago

£140m cash injection to speed-up flood defence schemes

Funding part of £2.65bn investment over the next two years
3 days ago

Bid race starts for £15bn schools framework refresh

DfE throws framework open to more contractors
6 days ago

Berkeley’s £600m Borough Triangle project approved

Controversial scheme features two towers of 38 and 44-storeys
6 days ago

London Mayor calls in blocked 600-bed student scheme

Refused 20-storey London PBSA block may still be built
6 days ago

HG to build 500-bed London Stratford student scheme

Work will start later this year subject to gateway 2 safety approval
6 days ago

Arrest after pedestrian death on construction site

Tragedy during site preparation works for new Wigan car park
6 days ago

British Steel threatens closure of Scunthorpe blast furnaces

Chinese owners say sectional steel and rail supplies will be maintained
6 days ago

Contractor services