Inver Energy bought by UK’s Greenergy
Irish fuel supplier Inver Energy Limited has been sold to Greenergy, an independent UK fuel distributor. The deal includes 100% share of Inver Energy (UK) Limited, Inver’s UK subsidiary and Inver’s 50% share of the Atlantic Fuel Supply Company Limited and its oil terminal in Foynes.
Invers’s business activities include import and storage facilities, fuel supply operations and an Irish retail dealer network. It supplies 10% of the country’s demand for gasoline, diesel, aviation fuel and heating fuel.
The company’s existing management team will remain in place and Chris O’Callaghan, the company’s managing director, will join the Board of Greenergy Fuels Holdings
Chris O’Callaghan said the acquisition by Greenergy was a very exciting opportunity for the company. “Greenergy and Inver are a close cultural fit, and the two businesses align very well together,” he added.
