Horizon Energy Group

What Horizon Energy Group does

Horizon Energy Group Limited is a privately held, New Zealand-domiciled infrastructure services platform headquartered in Whakatane and 100% owned by community trust Trust Horizon (formerly Eastern Bay Energy Trust). The group operates a diversified portfolio of operating businesses spanning regulated electricity distribution, HVAC/mechanical contracting, electrical services, industrial refrigeration, and building services. It serves residential and commercial electricity consumers in the Eastern Bay of Plenty region (24,000+ connections across 8,000+ km of network) and a national base of commercial, industrial, healthcare, hospitality, and public-sector clients across New Zealand, with HVAC services also extended into Fiji (Suva and Nadi).

The group operates a multi-brand platform comprising core subsidiaries Horizon Networks (regulated lines business), Aquaheat New Zealand (HVAC/mechanical with 300+ staff), Caldwell Levesque (electrical, communications, and data, 180+ staff), ElectriServ and ElectriNET (electrical project works), and CoolLogic (industrial refrigeration and controlled atmosphere storage, including exclusive NZ distribution of Storex B.V. equipment), with supporting sub-brands Colt Products (ventilation/fire/smoke control) and Classic Metal (roofing/cladding). Underlying technical capability includes smart metering, IoT-integrated network monitoring, cloud-based service and asset management systems (SAMS), and 24/7 support infrastructure. The group is ISO 45001 certified and has achieved Sitewise Gold Certification, with combined headcount of 500+ and a stated asset base of $180–200m+ (2016–2018).

Horizon Energy Group's revenue is generated through regulated network charges (lines business to retailers and end consumers), project-based contracting and service/maintenance contracts across HVAC, electrical, refrigeration, and building services, and product/equipment sales (notably CoolLogic's controlled atmosphere equipment and Colt ventilation systems). Go-to-market is delivered through direct field sales, dedicated account/project managers, and regional service hubs across Auckland, Wellington, Christchurch, Hamilton, Rotorua, Tauranga, Gisborne, and Whakatane, with HVAC operations in Suva and Nadi, Fiji. Cross-sell across service lines, a long-term Powerco services agreement, EV charging infrastructure buildout, and disciplined bolt-on acquisitions are the primary growth mechanics.

Name

Horizon Energy Group

Legal name

Horizon Energy Group Limited

Website

https://hegroup.nz

Company type

Private

Founded year

1900

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Horizon Energy Group is a New Zealand infrastructure services platform, 100% owned by Trust Horizon, operating regulated electricity distribution (24,000+ connections) and diversified HVAC, electrical, refrigeration, and building services across New Zealand and Fiji.

Ownership category

akta.pro rank

Product category

Infrastructure Services

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)

akta.pro secondary industry

SCADA, Controls & Communications Integration (RTU, Fiber, Networking) (EUAEADAD)

Keywords

• Electricity distribution services
• HVAC mechanical contracting
• Industrial refrigeration solutions
• Electrical contracting services
• Building facilities maintenance

Headquarters

HQ city

Whakatane

HQ country

New Zealand

HQ region

Oceania

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Distribution: Horizon Networks generates revenue through electricity distribution as a regulated electricity lines business serving the Eastern Bay of Plenty. Revenue is derived from network charges to electricity retailers and consumers.
2. HVAC/Mechanical Services: Aquaheat provides supply, installation, commissioning and maintenance of HVAC/mechanical services to commercial, industrial and residential customers across New Zealand and Fiji. Revenue from project works and service contracts.
3. Electrical Contracting: Multiple electrical contracting businesses (ElectriServ, ElectriNET, Caldwell Levesque) providing project, service and maintenance for industrial, commercial and residential sectors. Revenue from project-based works and ongoing maintenance contracts.
4. Industrial Refrigeration: CoolLogic provides industrial refrigeration, automation, and controlled atmosphere products and services from concept to completion. Revenue from equipment sales, installation and ongoing maintenance.
5. Building Services and Facilities Maintenance: Comprehensive facilities maintenance and service solutions including plumbing, carpentry, roofing/cladding, and specialist trade services through multiple business units.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Horizon Energy Group is a diversified New Zealand and South Pacific infrastructure services provider operating through multiple specialized business units. The group delivers electricity distribution, HVAC and mechanical services, industrial refrigeration, electrical contracting, communications and data services, controlled atmosphere storage, roofing and cladding, and broader facilities maintenance to residential, commercial, and industrial customers. It is 100% owned by Trust Horizon (formerly Eastern Bay Energy Trust), the community trust of the Eastern Bay of Plenty.

Product overview

Horizon Energy Group is a collection of New Zealand and South Pacific infrastructure services business units operating under a platform-plus-modules architecture. The core portfolio includes Horizon Networks (electricity distribution), combined with service brands Aquaheat (HVAC/mechanical), CoolLogic (industrial refrigeration), ElectriServ and ElectriNET (electrical services), and Caldwell Levesque (electrical/communications/data). Supporting sub-brands include Colt Products and Systems (ventilation/fire/smoke control) and Classic Metal (roofing/cladding). The Group offers total end-to-end solutions across heating, ventilation, air conditioning, refrigeration, electrical, plumbing, network operations, electricity supply, milking/pumping solutions, carpentry, and metal roofing.

Differentiator

Problem solved

Functional benefit

Brands

• SWITCH: Guiding principles acronym: Sustainability, Winning, Innovation, Trust, Customer Focus, Health and Safety - core values at the heart of everything the company does

Products and services

• Horizon Networks (Electricity Distribution) Regulated electricity distribution network that owns, manages, and operates more than 8,000 km of lines delivering power to more than 24,000 homes and businesses in the Eastern Bay of Plenty region. Provides electricity lines services to retailers and end consumers, focused on continuous, safe, and reliable supply.
• Aquaheat (HVAC / Mechanical Services) One of the largest HVAC and mechanical contractors in New Zealand, specialising in the supply, installation, commissioning, and maintenance of heating, ventilation, air conditioning, and mechanical services. Employs more than 300 full-time staff across offices in Auckland, Wellington, Christchurch, Suva, and Nadi, serving commercial, industrial, and residential customers.
• CoolLogic (Industrial Refrigeration) Provider of industrial refrigeration, automation, and controlled atmosphere (CA) products and services, from concept to completion. Sole New Zealand distributor of Storex B.V. CA equipment, serving food processing and agricultural sectors with smart, energy-efficient solutions.
• ElectriServ (Electrical Project, Service, and Maintenance) Multi-disciplined provider of electrical project, service, and maintenance work for industrial, commercial, and manufacturing customers. Operates a national service network with hubs in Auckland, Hamilton, Rotorua, Tauranga, and Gisborne.
• ElectriNET (Power, Electrical, and Data Services)
• Caldwell Levesque (Electrical, Communications, and Data) Auckland-based business founded more than 35 years ago, specialising in electrical, communications, and data projects for the Auckland region with over 180 staff providing construction and maintenance services.
• Classic Metal (Roofing and Cladding) Specialist roofing and cladding division of Aquaheat, providing roofing and facade solutions for all building applications using recycled, non-corrosive metals.
• Colt Products and Systems (Ventilation, Fire, and Smoke Control) Low energy, high thermal efficiency ventilation, fire, and smoke control products and systems. Sole New Zealand licensee for Colt products, part of the Aquaheat division.

Quantifiable outcome

• Net Promoter Score of 65.42 achieved in 2022, exceeding industry benchmarks (Trade Service 35, electricians 40, plumbers 26) and above group target of 50
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• PowercocoreStrategic or Co-development Partner · 1 January 2025Horizon Services formalised two separate long-term agreements with Powerco: providing electricity field services across Powerco's network in Manawatū and Wairarapa regions, and customer delivery services in Coromandel and South Waikato regions.
• Eastern Bay Energy TrustcoreStrategic or Co-development Partner100% local ownership by Eastern Bay Energy Trust (formerly Eastern Bay Energy Trust). The Trust supports community initiatives and sustainable infrastructure investments including EV charging stations.
• Storex B.V.coreTechnology or IntegrationCoolLogic holds exclusive distribution rights for Storex B.V. controlled atmosphere products in New Zealand. Storex B.V. is a Netherlands-based manufacturer of CA equipment, carbon dioxide-absorbers, nitrogen-generators and total CA-solutions.
• Low Emissions Vehicles Contestable FundminorStrategic or Co-development PartnerGovernment fund providing up to $6 million per year (up to $4 million in 2016/17) to co-fund up to 50% of EV infrastructure projects in areas where commercial returns aren't strong enough for full private investment.
• Whakatāne District CouncilminorStrategic or Co-development PartnerPartnership with Whakatāne District Council for EV charging station installations and community sustainability initiatives.
• Opotiki District CouncilminorStrategic or Co-development PartnerPartnership with Opotiki District Council for expansion of EV fast charging highway including stations in Opotiki, Te Kaha and Murupara.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Vector Limited: New Zealand's largest electricity distributor and a multi-product infrastructure services group (metering, gas, broadband). Comparable to Horizon Energy Group as a regulated NZ electricity distribution business expanding into broader infrastructure services.
• Powerco: NZ electricity and gas distribution business operating across multiple regions. Directly comparable to Horizon Networks as a regulated lines company; now also a customer/partner of Horizon for field services.
• Ventia Services Group: ASX-listed infrastructure services provider across Australia and New Zealand with electrical, HVAC, and facilities maintenance capabilities. Directly comparable multi-discipline services business model to Horizon's contracting subsidiaries.
• Top Energy Limited: Far North NZ electricity distribution business and generator. Closely comparable regional lines company to Horizon Networks, with similar scale and community/trust ownership characteristics.
• Eastland Network (Eastland Group): Community trust-owned NZ electricity distribution business on the East Coast / Gisborne region. Directly comparable governance and operating model to Horizon Networks, and geographic neighbour to ElectriNET.
• Spotless Group Holdings: AU/NZ facilities services and HVAC contractor. Direct peer to Aquaheat and the Horizon contracting subsidiaries in integrated facilities maintenance and mechanical services, and the prior owner of A E Smith acquired by Horizon.

Broad incumbents

• Mercury NZ Limited: NZ-listed renewable electricity generator and retailer. Adjacent to Horizon Energy Group in the NZ electricity value chain, though operating upstream in generation/retail rather than distribution and services.
• Downer EDI Limited: ASX-listed integrated infrastructure services company operating across transport, utilities, and facilities services in NZ and Australia. Larger-scale incumbent providing overlapping electrical, HVAC, and asset management services.
• Infratil Limited: NZ-listed infrastructure investor with exposure to electricity distribution, renewable generation, and digital infrastructure. Comparable as a NZ infrastructure capital pool but at significantly larger scale and with a broader investment mandate.
• Contact Energy Limited: NZ-listed electricity generator and retailer. Overlaps with Horizon Energy Group in the broader NZ electricity industry but competes only indirectly through generation/retail rather than distribution or contracting services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xfacebook.com/HEGSwitchedOn
• YouTubeyoutube.com/channel/UC28MRghP08quGyDYX_fljzw
• Facebookfacebook.com/Horizon-Energy-Group-386326161751408
• LinkedInlinkedin.com/company/horizonenergygrouplimited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Horizon Energy Group