Blue Pearl Energy, a European energy services platform backed by DWS Pan-European Infrastructure Fund III, has acquired Energys, a heating, ventilation and air conditioning (HVAC) systems specialist.

Blue Pearl has invested an undisclosed amount to buy the company with operations in Belgium and Luxembourg.

Founded in 2004, Energys installs and maintenance of HVAC systems in the tertiary, health, infrastructure, industry and hospitality sectors.

Blue Pearl said it will integrate Energys into its network of small to medium-sized enterprises. In the last three years, Blue Pearl has expanded its presence in the Belgian energy services market through the acquisition of Coretec and CogenGreen in 2020, as well as Refreco in 2021.

Frédéric Dardenne, co-founder and deputy CEO M&A of Blue Pearl Energy, said: “With the arrival of Energys in our network of SMEs, we are gaining a strong position in the HVAC sector in Belgium and the Grand Duchy of Luxembourg.

“HVAC is a very important market for Blue Pearl Energy since we have already acquired eight HVAC companies in France. Our ambition is to accelerate the development of Energys, by giving it greater commercial and financial firepower.”

Eric de Seguins Pazzis, managing director of Blue Pearl Energy, said: “The Energys group is the 15th European company to join our energy services platform. Like all SMEs that have joined us, Energys retains its staff and its entrepreneurial spirit, while benefiting from the Blue Pearl Energy advantage.”

Pol Close, co-founder and managing director of Energys, said the deal will enable the firm to accelerate its growth by taking advantage of synergies with other Blue Pearl SMEs, “particularly those active in Belgium in sectors that are perfectly complementary to ours”.

Close added: “With this new partnership, we can now offer more complete solutions to our customers, with long-term energy performance commitments and the ability to finance equipment on their behalf.”

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