IEG Acquired by Ancala Partners LLP
Ancala Partners LLP (Ancala) has completed its acquisition of 100% of International Energy Group (IEG) on 26th May for its UK Infrastructure Platform.
IEG is a leading natural gas and LPG distribution and supply business located in Guernsey, Jersey and the Isle of Man.
IEG has more than 40,000 customers connected to its networks and has been supplying gas in the Channel Islands and the Isle of Man since the 1830s.
Ancala is a long-term infrastructure investor, investing on behalf of pension plans, and will invest in IEG to grow the business and ensure existing and future customers benefit from the best possible service, product offering and value for money. Spence Clunie, Ancala’s Managing Partner said; “we look forward to working with IEG management to develop and invest in the business for customers”