Renew Holdings has acquired UK independent service provider Full Circle Wind Services, replacing previous investor AtlasInvest, along with minority shareholders.
Leeds-base Renew is a publicly listed engineering services group with a focus on maintaining and renewing critical infrastructure networks.
Full Circle will remain an independent company.
There will be no changes to day-to-day activities, allowing the company to uphold its commitment to empowering the energy transition through innovation, leadership, and partnership and offering high-quality holistic wind turbine maintenance solutions.
“This move marks an exciting new chapter for Full Circle, unlocking even greater potential for expansion.
“It reflects the market’s confidence in the exceptional business results we have achieved in recent years.
“We are fully confident that this change will further strengthen Full Circle in its pursuit of growth as a business and organisation in the renewable industry.
“With the support of Renew, we will have the resources and backing needed to accelerate our long-term goals, all while ensuring there is no disruption to our day-to-day operations.”
Billy Stevenson, CEO, Full Circle Wind Services, said: “This move marks an exciting new chapter for Full Circle, unlocking even greater potential for expansion.
“It reflects the market’s confidence in the exceptional business results we have achieved in recent years.
“We are fully confident that this change will further strengthen Full Circle in its pursuit of growth as a business and organisation in the renewable industry.
“With the support of Renew, we will have the resources and backing needed to accelerate our long-term goals, all while ensuring there is no disruption to our day-to-day operations.”
Paul Scott, CEO, Renew Holdings, added: “We are delighted to welcome Full Circle to Renew family.
“This acquisition represents an exciting opportunity for the group to enter the wind services market across the UK and Europe.
“Full Circle operates a scalable technology-enabled platform across a diverse customer base.
“Its proven track record in its core markets and highly experienced management team provide Renew with an exceptionally strong platform in renewables and huge potential in the near term.”