Geowarmth, a leading renewable energy installer based in North Tyneside, has been acquired by Hometree, a rapidly expanding residential energy services company headquartered in London. The acquisition, the terms of which remain undisclosed, marks a significant step in Hometree’s strategy to drive the transition to renewable energy in homes across the UK.
Founded in 2004, Geowarmth has been at the forefront of delivering innovative renewable energy solutions in the North East and North West of England. The acquisition by Hometree will provide Geowarmth with access to a broader customer base and a range of financial products and insurance services offered by Hometree. This, in turn, will enhance Geowarmth’s ability to deliver greater value to its customers.
For Hometree, the acquisition presents an opportunity to strengthen its engineering capabilities by integrating Geowarmth’s expertise into its workforce. Hometree aims to train more of its engineers to specialize in installing, repairing, and maintaining renewable energy systems, aligning with its ambitious target to have 600,000 heat pumps installed by 2028. 
Simon Phelan, Founder and CEO of Hometree, expressed his excitement about the partnership with Geowarmth and emphasized the importance of scaling the company to support the UK’s net-zero ambitions. He highlighted the need for a skilled workforce across the country to drive the adoption of renewable energy solutions.
John Withers, CEO of Geowarmth, reflected on the company’s journey over the past two decades and expressed pride in joining forces with Hometree. He noted that being part of Hometree will enable Geowarmth to extend its reach and contribute to more homes transitioning to renewable energy sources.
The acquisition was facilitated by Interpath Advisory, providing financial and tax due diligence for Hometree, and legal counsel from CMS. RG Corporate Finance, based in Newcastle, advised John Withers and Geowarmth, with legal support from Clarke Mairs. Nick Johnson, CF Partner at RGCF, commented on the growth potential of Geowarmth within Hometree and its role in supporting climate change initiatives and energy cost management solutions.
