Ara Partners, an industrial decarbonization-focused private equity firm has acquired Anesco Holdings, the parent company of the Anesco Group.
Anesco is a U.K. renewable energy company that manages the development, design, construction, maintenance and market optimization of renewable energy and energy efficiency projects. The company has developed and constructed more than 115 solar farms and energy storage facilities, including the U.K.'s first solar farm free from subsidies, while its operations and maintenance service now has close to 1.2 gigawatts of renewable assets under management.
Ara Partners acquired Anesco through its portfolio company Aksiom Services Group, which is a rapidly growing platform providing high-value, high-complexity technical and commercial services to the European infrastructure market. The acquisition of Anesco is the second by Aksiom Services Group.
Mark Futyan, who joined Anesco as CEO in 2020, will continue to lead the business wit