Clearwater International UK advises UK-listed Lakehouse plc on its cross-border sale of Orchard Energy to World Fuel Services Europe, Ltd, a subsidiary of US-listed World Fuel Services Corporation

Clearwater International UK has advised UK-based asset and energy support services group Lakehouse plc, on its divestment of Orchard Energy (Orchard), an energy management service company, to World Fuel Services Europe, Ltd (World Fuel Services).

Orchard provides consultancy advice to corporate clients to help manage their energy costs, particularly energy procurement and usage. The business also provides energy management services to commercial and industrial customers, including brokering supply with utilities firms, managing contracts and advising on energy consumption. Orchard has over 70 employees operating across the UK, with strong commercial relationships with leading UK utilities providers.

Lakehouse is an asset and energy support services group that constructs, improves, maintains and provides services to homes, schools, public and commercial buildings with a focus on clients in the UK public sector and regulated markets. Services are delivered through four divisions: Compliance, Energy Services, Property Services and Construction.

World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfilment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.

The Clearwater International team was led by Partner Marcus Archer, with support from Associate Directors Stephen Nemeth and Mark Maunsell and Associate Alex Brindley.

“This deal provides a great opportunity for Orchard, whom with the guidance of World Fuel Services will benefit from its international reach and well-established market experience.”

Marcus Archer, Partner, Clearwater International

“The guidance of the Clearwater team has played a vital role in balancing the process of this complex transaction – allowing us to find the most suitable buyer, whilst still allowing us to concentrate on our core business. The team remained professional and concise throughout, and we’re thrilled with the outcome.”

Jeremy Simpson, CFO, Lakehouse

“Orchard is an excellent business that I am sure will thrive under the stewardship of World Fuel Services. I would like to record my thanks to the directors and staff of Orchard for their professionalism and dedication during their time within the Lakehouse Group.

“The disposal will allow us to focus on our market leading compliance and energy services operations and reduce indebtedness.”

Bob Holt, Executive Chairman, Lakehouse