A management buy out of BAS, provider of support and implementation of intelligent Building Energy Management Systems has been announced.
The company’s management team says it is now in a strong position to continue to develop its product offering and services.
BAS was founded in 2006 following a buyout from Siemens, supporting building owners to control, monitor and reduce energy usage via BEMS.
The computer-based system controls and monitors a building’s mechanical and electrical equipment to provide a comfortable environment whilst reducing energy usage and costs.
BAS typically has long term contracts with clients and also undertakes project-based work concerning BEMS upgrades
Managing director Brin Sheridan, said: “There is a clear opportunity for BAS to grow its core support and project work where we are already a significant player.
“In addition, BAS will increasingly become more involved in helping companies design and deliver their broad energy objectives as part of the larger energy management market.”
The MBO was completed through investment arranged by Bridgepoint Development Capital for an undisclosed sum.
The core BEMS market is estimated to be worth over £500 million a year in the
UK and is forecast to grow 6% per annum on the back of system support and
The broader energy management market is estimated to be worth in excess of £2 billion a year.