Mon, 09 Jun 2025 | BUSINESS SALE
A Tewkesbury-based building automation specialist has been acquired by funds advised by a private equity firm, securing support for the next phase of its growth. ABEC, which was founded in 2004, has seen rapid growth over the past decade and is poised to achieve turnover of more than £43 million in its accounts for 2024/25.
The company provides services including Building and Energy Management System (BEMS), Electrical Power Monitoring System (EPMS) and industrial grade SCADA (Supervisory Control and Data Acquisition) and PLC (Programmable Logic Controller) to clients including major data centre developers and contractors and leading hyperscalers around the globe.
ABEC has now been acquired by funds advised by private equity firm Magnesium Capital in a deal supported by credit fund DunPort Capital Management. Corporate finance advisers Shaw & Co led the transaction on behalf of ABEC's shareholders, securing a deal that will see the company partner with the private equity firm.
Post-acquisition, founder and CEO Matt Morrall will continue to lead the business, alongside Chief Operating Officer Matt Litten. Morrall and Litten have also both invested alongside Magnesium Capital as part of the deal.
Matt Morrall hailed ABEC’s growth over the past decade, and particularly within the last three years, adding: "Our vision has always involved expanding geographically and we are very confident we can achieve this by staying true to our core values. Working with a partner like Magnesium is key to helping us achieve our strategy. We’re very excited about working together over the next few years.”
Daniel Wild, partner at Magnesium Capital, added: "Magnesium Capital is delighted to partner with Matt and rest of the ABEC management team and to support ABEC on its next growth phase.”
"Data centre energy consumption has increased rapidly in recent years, ensuring this consumption is managed efficiently is critical for all stakeholders, and in delivering the energy transition. ABEC is equipping its customers with the tools and support to manage their assets effectively over their entire lifecycle.”
Shaw & Co founder and CEO Jim Shaw said that ABEC had established "a leading position in BMS and particularly systems into data centres” and that it was "absolutely the right time to seek a partner that could support the team to capture this growth.”
As well as having a transformational effect on a wide range of industries, automation is also increasingly shaping acquisition strategies
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector.
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Founded in 2014 and headquartered in the UK, the group is a global leader in educational technology, providing licensed, searchable, and high-quality video and audio content curated to meet specific instructional objectives.
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