Melbourne climate risk consultancy Energetics up for sale; PwC hired
While PwC Australia’s top brass has been busy selling their government consultancy arm to Allegro Funds, its dealmakers have drummed up a consultancy client to show to prospective buyers.
Energetics CEO Mary Stewart.
Street Talk understands Energetics, which specialises in providing climate risk and energy transition consultancy services, has hired PwC to hunt for a new backer.
The Melbourne-based firm has advised clients on the subject since 1984, long before the Paris Climate Agreement was adopted in 2015 and governments and big corporates began setting net-zero emissions targets. It has more than a hundred employees and had 450 projects-plus on its books in 2021.
Its clients are typically large corporates – recent projects have been commissioned by APA Group, Woolworths Group, Aurizon and Commonwealth Bank – seeking advice around meeting their net-zero commitments, climate resilience, clean energy transition, and climate reporting.
The business was founded by Jonathan Jutsen, and has been led by Mary Stewart since April 2019. Stewart is an expert on life cycle assessment of resources projects, carbon footprints and carbon-neutral positions.
She is an Energetics director, along with former chief executive Tony Cooper, former Rothschild Australia boss Peter Chapman, and private equity investor Anthony Duncan. The latter two own a small private equity investment firm called Accretion Investment Management which is a majority investor of Energetics’ holding company.
The holding company last posted its accounts for the year ending 30 March 2014. At the time it was making $15.8 million revenue, which is understood to have grown significantly in the nine years since owing to decarbonisation becoming the zeitgeist of
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