Eight Advisory supported Cap10 Partners portfolio company Sureserve on its acquisition of Kinovo plc

Sureserve has announced the £56.4 million acquisition of Kinovo plc, a leading provider of specialist compliance and sustainability solutions. 

Sureserve, one of the UK’s leading energy and compliance services providers, and pioneering end-to-end energy transition planning, delivers a range of essential and affordable heating, renewables, energy efficiency and compliance solutions to social housing and the public sector including a number of Local Authorities and housing associations across the UK.  

Kinovo plc provides specialist property services to social housing registered providers, housing associations and local authorities, ensuring safety, compliance, and sustainability. Through expert property maintenance, it supports clients in meeting strict regulatory requirements while delivering energy-efficient and future-proof solutions.  

The acquisition will deepen Sureserve’s service offering and increase its geographic coverage.  

Commenting on the acquisition, Graham Levinsohn, Group CEO, Sureserve said: 

“We believe the acquisition of Kinovo, with its focus on compliance and energy transition in social housing, fits perfectly with our strategy, and that bringing the two businesses together will enhance our offering to our clients.  

“This is another significant step in delivering our mission, which is to be the trusted partner of choice to the social housing and related public sector in delivering essential and affordable heating, energy savings, and compliance solutions.

“We look forward to working with Kinovo’s clients, staff and management in continuing to build on a successful platform.

Eight Advisory team members supporting on this transaction:  

• Financial due diligence: Rupert Templeman (Partner), James Wallace (Director), Michael Farmer (Senior Manager), Joe O’Donoghue (Manager), Tom Knipe (Senior) 

• Tax due diligence : Caley Mogg (Partner), Michael Hackley (Senior Manager), Robbie Smith (Senior)