Ancala-backed Leep Utilities acquires Milton Keynes-based district heating and electricity network

Leep Utilities is a recognised partner for developers, landowners and project managers for residential, commercial, data centre and mixed-use developments, providing network adoption for electricity, water, wastewater and heat networks. Leep has worked on a number of highly successful mixed-use masterplans and utilities projects covering hundreds of acres and customers, including London’s Battersea Power Station, Canada Water in the London Docklands, and MediaCityUK in Manchester.

Lee Kitchen, Deputy CEO of Leep Utilities, said:

“TCMK joins our growing portfolio of last-mile utility networks, which already serve more than 200,000 contracted heat, electricity and water connections – the acquisition is part of our strategy to build on our market-leading position. Like many of the other networks we manage across the UK, TCMK’s energy centre and utilities networks are a valuable part of the local infrastructure, serving a variety of mixed-use developments with sustainable, lower carbon utilities services. We’re looking forward to improving this site; we also continue to actively seek other networks that would benefit from our expertise.”

Ancala first invested in Leep in 2017. Since then, Leep has expanded from a small regional operator with 2,000 contracted connections into a national last-mile multi-utility platform, delivering water, electricity, heating and cooling to some of the UK’s largest residential and commercial developments. Today, Leep has more than 200,000 contracted connections, a rapidly growing asset base and long-term relationships with leading housebuilders, developers and local authorities.