New beginnings - Excited to announce IRT Surveys joins forces with Mears
Given the ongoing and significant increases in energy costs and the agenda to meet the government’s targets of achieving net zero by 2050, the requirement to decarbonise ageing housing stock, especially in affordable housing, is accelerating.?
Partnerships and cooperation can go a long way towards achieving this, which is why I am delighted to announce the acquisition of IRT Surveys by Mears Group, one of the UK’s leading housing solutions providers to both the public and private sector. It is a unique collaboration which will see clients through the entire retrofit process from start to finish.
IRT was founded in January 2002 by myself and my brother Alan, with investment from Grand Theft Auto author Dave Jones. Over the past two decades, our team have helped nearly 600 customers and assessed almost 400,000 buildings using our infrared thermography and proprietary technology platform. More recently IRT helped Mears win three contracts under the Social Housing Decarbonisation Fund, further proving our tested formula.
?As our DREam software and data-led services are complementary to those already provided by Mears, this collaboration brings a host of benefits, including enabling Mears to swiftly develop intelligent retrofit plans for clients using DREam, strengthening its carbon reduction offer with in-house expertise and capacity on stock modelling and thermal imaging, and enabling clients to access funding to get works done.
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?Additionally, by joining the Mears team we are combining more than 50 years’ experience in our respective markets, whilst boosting Mears as one of the UK’s experts in carbon reduction.
?“Having the innovative IRT platform is a vital part of the Group’s retrofit solution and will enable Mears to conduct stock analysis modelling for carbon reduction work, enabling opportunities to be progressed quickly, and to help identify and access grant funding support available. The acquisition will provide Mears with new skills and capabilities in this area, bringing new expertise in-house, supporting pre-sales activity and helping to unlock the Group’s ability to deliver carbon retrofit work, which is identified to be a significant market.?We welcome Alan and Stewart Little along with their staff,” commented Mears Executive Director Alan Long.
?The IRT team will continue to service existing clients. In addition, we have an active sales pipeline underpinning our growth forecast, which will be enhanced further by joining Mears.?
?For more information about IRT Surveys visit https://irtsurveys.co.uk/.
Director at GLM (Glasgow) Limited.
2 年Congratulations Stewart.
Scottish Regional Manager at Bauder Flat Roofs
2 年What a success story it has been Stewart. Congratulations
Experienced practical, commercial, corporate finance lawyer at Keystone Law, with 40+ years of experience in negotiating and closing M&A deals, PE investments, joint ventures and corporate finance transactions generally.
2 年Many congratulations from the Keystone Law team We very much enjoyed working with you on the transaction
Managing Director at Soltherm/SMS Group
2 年Congratulations Stewart!