Gasway Services Ltd, a subsidiary company of Flagship Group, has strengthened its position as East Anglia’s largest heating company following the acquisition of Colchester-based Blue Flame Services.
Gasway operates across East Anglia, London and the Home Counties providing heating and hot water solutions for home owners, businesses and social housing landlords. Blueflame, which provides gas, oil, electric and renewable services in Suffolk and Essex has become a subsidiary of Gasway. Together, the two businesses will be stronger, have greater competitive scale to take advantage of more opportunities across East Anglia.
Both companies share similar values and have the same focus; the collaboration will bring together complimentary services to offer the market. The acquisition will create a total workforce of over 300 and a combined revenue c£30m.
Managing Director of Gasway Liam Betts said: “We are delighted with the acquisition which supports our growth strategy. It also firmly establishes our aim to continue to expand and grow our brand geographically. We are very much looking forward to working together with everyone at Blueflame during this next phase of growth.”
Director at Blueflame Kevin Bull said: “Although we have successfully grown over the last few years, for the business to continue to grow and achieve its full potential, becoming part of a larger group was vital.
“We are excited by the acquisition which will safeguard the futures of our staff, bringing about opportunities for individual growth and progression as well as organisational success under new ownership. As a stronger business we will be able to provide even better services for our customers.”