We are delighted to announce the acquisition of Propflo. Propflo are an award-winning AI startup which helps property and finance professionals understand their property portfolios and engage their customers in energy efficiency.
This strategic acquisition comes at an important time. With energy prices 51% higher than in 2021 and the government advancing minimum energy efficiency standards for the private and social rented sectors, the need for scalable, quality retrofit solutions has never been greater.
Together, Eco Approach and Propflo will deliver advanced end-to-end retrofit services — from smart portfolio analytics and digital customer engagement to in-home energy assessments and installations.
This partnership strengthens our ability to meet increasing demand while upholding industry-leading standards in quality and compliance.
Propflo complements this with an award-winning and market leading AI-powered retrofit-as-a-service platform with tools such as:
- GreenVal – a digital report on a property for landlords, homeowners and tenants where they can check the performance of their property, see the benefits of retrofitting, and get quotes for improvements.
- HomeHub – enabling property owners to manage works in one place as well as see the impact pre and post improvements with smart home monitoring.
- PortfolioAudit – for businesses to analyse their portfolio and track engagement of their customers.
Commenting on the acquisition Tom Harrington, CEO of Eco Approach said
“We’ve seen Propflo grow over the years and what Luke, Daniel and the Propflo team have built is incredible. Myself and the entire team are excited to integrate the capabilities of Propflo into our services. With £250 billion needed for retrofit by 2050 and tightening regulations, tech enabled retrofit solutions will help us meet growing demand.”
Luke Loveridge, Propflo Founder and CEO stated:
“Eco Approach has long been our preferred partner for certification and installations. This acquisition allows us to create an unmatched offering across portfolio analysis, digital engagement, certification, and quality retrofit for local authorities, housing associations, estate agents, lenders, mortgage advisors, and any other business interested in engaging their customers or employees in energy efficiency. I’m really looking forward to see the impact we’ll make with Tom and his team!”
