Leading Energy Performance Certificate (EPC) provider Vibrant Energy Matters, part of the Connells Group, today announces it has agreed a joint venture with estate agency groups Connells, Countrywide and LSL Property Services Ltd.
Today’s transaction will make Vibrant the UK’s largest EPC provider, operating on a scale which should increase efficiencies and drive down costs for all estate agencies using its services. Increased volumes of business will allow Vibrant to double its number of employed DEAs and enable greater investment into training and systems in order to deliver an enhanced service across its product range.
Vibrant is already the UK market leader in EPC provision with the largest number of employed DEAs. This new agreement will not only increase its share in the residential market but also extend its EPC provision into the commercial and social housing arenas.
“Joining with the Connells Group over a year ago gave us access to greater volumes of business and new sections of the property market,” says Michael Wayman, Managing Director for Vibrant. “Extending this partnership to include Countrywide and LSL will increase our market share even further, allowing Vibrant to deliver high-quality, efficient EPC provision on behalf of a greater number of customers.
“The much anticipated launch of the ‘Green Deal’ next year will make EPCs even more central to improving energy efficiency in residential and commercial buildings,” Michael continues. “Today’s partnership with the UK’s leading estate agency firms will put Vibrant right at the centre of delivering on the ‘Green Deal’s’ objectives.”
“This joint venture with Countrywide and LSL will strengthen Vibrant’s position as the UK premier providers of EPCs and drive efficiencies and cost reductions for its customers,” says David Livesey, Chief Executive for the Connells Group. “With the largest number of employed DEAs as well as its external panel, this new collaboration will facilitate Vibrant’s continued growth and improve EPC provision for its customers.”
David Newnes, Director of LSL Property Services, owners of Your Move and Reeds Rains said. “We are pleased to be joining Connells in this new venture not only because, through greater investment in DEA training, it will streamline the provision of EPCs, but also help in the drive towards improving energy efficiency in residential homes.”
Paul Creffield, Corporate Operations Director at Countrywide said,
“This joint venture will provide the necessary investment to improve standards and increase numbers of DEA in the industry; whilst also enabling new product innovation and providing homemovers with a much more cost effective suite of product and services.”