NVM Private Equity (“NVM”) has successfully exited its investment in nZero Group, the specialist provider of decarbonisation and gas measurement solutions for the energy industry in a strategic sale to Bilfinger.
The transaction marks a successful conclusion to a growth partnership that positioned nZero as a key player in the UK’s transition to a net zero economy delivering a 2.6x return for the Fund.
During NVM’s investment and under the leadership of nZero’s Managing Director Matt Allen, the company, which is headquartered in Ellesmere Port, has undergone a period of significant growth, broadening its capabilities from gas distribution and biogas to clean energy infrastructure, hydrogen and energy transition, both through organic growth and acquisition.
nZero Group plays a critical role in enabling decarbonisation across multiple sectors by designing and delivering measurement and analytical systems vital for emissions monitoring, energy transition, and process optimisation. Through its expertise in gas measurement, analysis and control systems nZero offers proprietary solutions in clean energy, CO2 quality and quantity measurement as well as digital services and consulting through the whole value chain.
Today’s exit, which has been led by Andy Leach and Karl Cockwill, reinforces NVM’s successful track record in scaling regional teams and follows the sale of Intuitive announced just last month.
Matt Allen, Managing Director of nZero Group said” The investment and support from NVM has been outstanding. We have been privileged to work with Karl Cockwill, Andy Leach and the NVM team. It is an outstanding private equity investor and has helped lead us to our next phase with international industrial services provider, Bilfinger. We are delighted to become part of Bilfinger and their journey to drive innovation and sustainability with combined forces, sharing a strong commitment to employee growth and development. We look forward to the growth and success this will bring for all at nZero Group.”
Andy Leach, Investment Partner at NVM, commented: “We are proud to have supported the nZero team as they have evolved into a highly respected partner in the energy transition space. Their contribution to the UK net zero agenda, particularly through hydrogen and biogas projects, has been impressive and aligns with the type of impactful, sustainable growth NVM is keen to support. The acquisition by Bilfinger will provide a strong platform for continued innovation and expansion and we wish Matt and the team well in their future growth plans.”
