Fri, 27 Jun 2025 | BUSINESS SALE
Advantage NRG, a specialist labour supply company that serves major UK utility contractors, has been acquired by listed group Hercules plc in a deal that could reach nearly £16 million.
Established in 2011, Lancashire-based Advantage NRG provides skilled linesmen for the construction and maintenance of overhead electrical transmission lines. The company has developed a strong reputation within the power and energy industry and employs around 155 workers.
The deal marks Hercules’ first entry into the UK power and energy sector, complementing its existing labour supply presence in the wider infrastructure industry. The firm’s entry into the power and energy sector is described as coming at a pivotal moment, with the UK set to undertake major electrical infrastructure upgrades to meet rising energy demand, deliver on net-zero targets and improve energy security.
The company is acquiring 100 per cent of Advantage NRG’s share capital for an initial consideration of £10.2 million, with a deferred payment of around £1.5 million, plus a one-year earnout. The maximum total consideration for the deal is £15.7 million.
Brusk Korkmaz, Chief Executive of Hercules, commented: "The acquisition of Advantage NRG marks another important milestone in Hercules' growth journey. As the UK accelerates investment in critical power and energy infrastructure to ensure energy security, enhance transmission and distribution networks, and meet its net-zero targets, the demand for highly skilled labour has never been greater.”
"Advantage NRG's deep expertise in overhead electrical transmission, and its ability to source, train and mobilise specialist linesmen, both in the UK and internationally, perfectly complements our strategy.”
Korkmaz added that the deal will enable Hercules, Advantage NRG and the firm's training academy Hercules Academy “to grow together and play a pivotal role in supporting the delivery of the UK's essential energy infrastructure."
The deal is Hercules’ third acquisition, following its November 2023 takeover of Future Build Recruitment Limited and the recent acquisition of the business and assets of QTT in June 2025. Through its M&A strategy, the company seeks to scale operations in industries with long-term, infrastructure-backed demand.
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