Irish-founded Hometree secures multimillion pound debt facility

Company led by Simon Phelan also makes first acquisitions under new facility, buying up two renewable installation companies

Hometree founder and CEO Simon Phelan

Hometree, the Irish-founded home services and insurance company, intends to deploy tens of millions of pounds on acquisitions over the next two years after securing a massive debt facility from funds and accounts managed by BlackRock.

The announcement comes as the challenge residential energy services firm said it has concluded its first two M&A deals under the facility. It has acquired GeoWarmth Heat Pumps, and The Little Green Energy Company, two renewable installation companies that ...