Insulation manufacturer and installer energystore in Holywood has paid an undisclosed sum to has acquire a majority stake in award-winning Scottish specialist flooring contractor Advanced Traditional Screeding (ATS).
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.
Fife-based ATS was established in 2014 and works with commercial customers across Scotland and the rest of the UK on all aspects of pre-construction and construction flooring installation, with experience of all types of screeds, resins and underfloor heating systems.
Energystore, which is celebrating 50 years in business in 2024, operates from six locations across Ireland and Britain, employing 90 people.
ATS has been a long-term installer of energystore’s flagship TLA 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 use in 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 and all 17 staff will be retained.
Connor McCandless, managing director of energystore, said: “We’ve known Jason and his team at ATS for a number of years and have been impressed by their work across a wide range of construction projects.
“Their culture, values and growth ambitions are very aligned with ours, and they are a company that is committed to delivering quality work and to supporting the communities they work in. We were already working together on some exciting development opportunities, so it has been an easy move to formally join forces.”
Jason Lister, founder and managing director of ATS, who will continue to lead the business following the acquisition, said: “This partnership with energystore comes at a time when we have been enjoying significant growth and have a very healthy order book.
“In the most recent financial year ATS grew our turnover to a record £5m and I’m confident we will increase that again this year.
“As a customer and installer of energystore TLA, we know they are a company committed to innovation and sustainability. We now have a great opportunity to expand the range of products and services we provide to our customers as part of the energystore team. It is a very positive day for the company, our people and our customers.”
Last year energystore launched a strategy which will see in invest £2m to reach net zero emissions from its operations by 2028.