Emrea expects her entry to the UK

Philip Hall
© Patrick Gillardan

After generating €1.2 billion in revenue in 2021, Emeria (formerly Foncia Groupe) still has an appetite. It is evidenced by its acquisition of FirstPort, which marks its entry into the UK.

Headed since the end of 2017 by Philippe Sall, Emeria – owned on behalf of its clients by the Partners Group – is thus pursuing its development strategy oriented towards “customer satisfaction”, “digitization” and “acquisition policy in France and internationally.”

after l Close Acquisition of FirstPort, which specializes in managing residential units in the UK, Emeria, which has acquired nearly 300 companies since 2016, will be present in eight countries, and will have 700 branches in Europe, with more than 17,000 employees and staff, serving more than 3.5 million customers.

FirstPort is present in England, Scotland and Wales, employing more than 4,000 people at a cost of €120 million.

“With this acquisition, Emeria, the French group, will become No. 1 globally in its sector,” said Philippe Sall, President of Emeria. “It is a source of great pride for all the teams. This new position as a global leader implies a responsibility to our customers everywhere we are. The group’s goal is to enhance the quality of service, relying in particular on accelerating the digitization of our tools, allowing for greater responsiveness and transparency.”

For Kim Nguyen, Partner and Co-Head of Private Equity Services for Partners Group, member of the Emeria Supervisory Board, “The acquisition of FirstPort is an important step in Emeria’s value creation journey.” “There is tangible synergy between Emeria’s brands, including Foncia and FirstPort,” he adds. We intend to take advantage of this to obtain new sources of revenue and develop complementary services. »

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