Make It Cheaper acquires Smart Utility Management

18/07/2019
Read Time: 2 Min

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.

Switching is widely recognised as an effective way for businesses to lower their bills and find better service providers. Our latest acquisition cements our position as the leading, go-to solutions provider for SMEs that want to find the best energy, broadband and insurance deals.

Paul Galligan 

MIC CEO

Joining forces with Make it Cheaper means we can now serve our clients even better, offering them new products and services and helping them to save even more money. Our field-based sales team will help Make it Cheaper to reach segments of the market it currently doesn’t have access to. This is a win-win business combination.

Peter Kirkham and Jonathan Bel 

Smart Co-CEOs

Joining forces with Make it Cheaper means we can now serve our clients even better, offering them new products and services and helping them to save even more money. Our field-based sales team will help Make it Cheaper to reach segments of the market it currently doesn’t have access to. This is a win-win business combination.

Peter Kirkham and Jonathan Bel 

Smart Co-CEOs

About the author

Richard Chapman

"I enjoy leading deals at ECI and have invested in lots of different areas including healthcare, restaurants, business services and tech-enabled services, to name a few. A large part of my role is post-investment, helping companies continue their growth organically and through acquisition, both in the UK and internationally."

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