ECI portfolio company Make it Cheaper (‘MIC’) has announced the acquisition of Smart Utility Management (‘Smart’).
County Durham-based Smart, provides energy utility management and switching services to SMEs across the UK, helping them to procure energy more cheaply.
Smart uses a team of field-based sales consultants to generate leads through face-to-face meetings, and enjoys a strong relationship with suppliers.
This will be MIC’s third acquisition since ECI invested in the Company in 2017, and cements the Company’s position as the leading provider of switching services to UK SMEs. Joining forces with Smart will allow MIC to reach more customers, offer more products and services, and boost its sales capabilities. MIC will be able to offer Smart customers new products in telecoms and insurance as well as MIC’s “Do It For You” auto-switching service.
The acquisition boosts MIC Group’s total contracts under management to over 216,000.