ENERGYSTORE ACQUIRES MAJORITY SHARE IN FIFE-BASED SPECIALIST FLOORING CONTRACTOR ATS

Innovative insulation manufacturer and installer energystore has acquired a majority share in award-winning Scottish specialist flooring contractor Advanced Traditional Screeding (ATS) for an undisclosed sum.

Headquartered in Holywood, Co Down, energystore designs, manufactures and installs insulation systems for floors, walls and roofs and is the leading supplier of high-performance EPS (expanded polystyrene) bead insulation products to the UK and Irish construction industry.

Rosyth-based Fife Chamber of Commerce member ATS was established in 2014 and works with commercial customers across Scotland and the rest of the UK on all pre-construction and construction flooring installation aspects.

It has experience with all types of screeds, resins, and underfloor heating systems.

ATS has been a long-term installer of energystore TLA®, a flagship energystore product which combines eps beads coated in an innovative additive with cement to create a pourable insulation.

This unique poured insulation offers a non-combustible alternative for floor and roof construction as a high-strength void former or insulation.

Following the acquisition, ATS will continue to operate as a standalone company within the energystore group, retaining all 17 staff.

Connor McCandless, Managing Director of energystore, said:

"We have known Jason and his team at ATS for several years and have been impressed by their work for tier-one construction firms across various projects. We have been looking at opportunities to grow energystore's footprint across the UK and felt that the ATS culture, values and growth ambitions aligned with ours.

Like energystore, ATS is committed to delivering quality work and supporting the community. We were already working together on exciting development opportunities, so formally joining forces has been easy."

Jason Lister, founder and Managing Director of ATS, will continue to lead the business following the acquisition by energystore.

Jason Lister said:

"I'm proud to be able to announce this partnership with energystore at a time when ATS has been enjoying significant growth and has a very healthy order book for the year ahead. In the most recent financial year, ATS turnover grew to a record £5m, and we are on track to increase again.

"As a customer and installer of energystore TLA®, we know it as a company committed to innovation and sustainability. ATS now has the opportunity to expand the range of products and services we provide as part of the energystore team. It is a positive day for the company, our people and our customers."

Energystore, which will celebrate 50 years in business in 2024, operates from six locations across Northern Ireland, the Republic of Ireland, and Great Britain.

It employs 90 people and supplies homeowners and commercial customers, including construction companies, new-build developers, and housing associations.

Last year, the business launched its Emissionless Mission.

This far-reaching strategy will see energystore invest £2m across the business to reach net zero emissions from its operations by 2028.