Luminii provides CDD support to Foresight Group on their investment in The Electric Heating Company
Luminii are delighted to have provided Commercial Due Diligence (CDD) support to Foresight Group ("Foresight") on their investment in The Electric Heating Company ("EHC" or "the Company"), a rapidly growing distributor of electric heating products operating across the UK.
Founded in 2005, EHC supplies electric boilers, heaters and water cylinders to a range of housing associations, residential developers and private homeowners across the UK. The Company plans to launch its first range of air source heat pumps this year.
EHC has seen impressive recent growth through expanding its distribution network and accredited installer base. The Company has established a market-leading reputation for the reliability and quality of its product range, technical expertise and excellent customer support. EHC products support the decarbonisation of home heating by replacing traditional oil and gas fired boilers. This aligns with the UK Government’s announcement banning gas boilers in all new homes from 2026.
Foresight’s investment will support the Company’s management team with its growth plans – enabling it to create high-quality, sustainable jobs, expand its product range and increase its reach of distribution. David Leng, a seasoned executive with extensive knowledge of building product distributors, has joined the board as Executive Chair following the investment.
"Luminii are delighted to have supported Foresight on this transaction. This is yet another deal that helps to further strengthen our credentials in the Retail sector. We wish Foresight and the EHC management team continued success for the future." - Lushani Kodituwakku, Managing Director, Luminii Consulting
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