Energetics acquired by global sustainability consultancy ERM

06 June 2024 Consultancy.com.au 2 min. read
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Energetics, one of Australia’s larger climate risk and energy transition consultancies, has been acquired by global player ERM.

In ERM’s second deal in Australia this year, coming hot on the heels of the purchase of The Big Middle and The Big Zero, the global sustainability consultancy has now snapped up Sydney-based Energetics for an undisclosed sum.

Founded in 1984, Energetics has grown to a team of 100 people across four states. Working with ASX100 corporates and mid-sized businesses, Energetics ranks as one of Australia’s leading sustainability consulting firms.

ERM acquires Energet1c5

“Bringing together ERM and Energetics creates Australia’s most comprehensive sustainability and climate change advisory firm. This acquisition is critical to the growth of ERM in the region and is in direct response to Australia’s plan to achieve net zero carbon emissions by 2050,” said Matt Klein, Global Co-Head of Corporate Sustainability and Climate Change at ERM.

“In addition to the services already offered by ERM, the acquisition enables us to offer a broader suite of services to our clients, and more expertise to address key sustainability challenges. For the people at Energetics, becoming part of ERM means they can access and become part of our unparalleled network of sustainability experts worldwide.”

With over 8,000 experts in 40 countries, ERM bills itself as the world’s largest specialist sustainability consultancy. The firm has grown strongly over the past few years, driven by a buy-and-build campaign backed by investor KKR.

“We are proud of what we have achieved since we opened our doors for business 40 years ago. We are now ready to scale our work. Throughout this sale process, we were determined to find a buyer whose ambitions for sustainability, addressing climate risks and supporting the clean energy transition align with our own. In ERM, we have a great match,” said Mary Stewart, CEO of Energetics.

In 2022, ERM also acquired Point Advisory, which expanded the firm’s capabilities in Australia in sustainability economics, energy, procurement, strategy and human rights.