Mon, 19 Aug 2024 | BUSINESS SALE
The private equity business at Goldman Sachs Alternatives has completed the acquisition of a majority stake in environmental risk reduction and advisory services provider Adler & Allan. The deal is expected to drive investment in the company and accelerate its M&A activity.
Harrogate-headquartered Adler & Allan was founded in 1926 and has a team of more than 1,600 employees and over 2,500 customers. The company is an environmental risk reduction specialist, working with organisations to manage, improve maintain and upgrade critical infrastructure.
The company is a utilities sector partner and provides services ranging from strategic infrastructure advice, monitoring, data and analytics and environmental consultancy to frontline operational capability.
An agreement for the private equity business at Goldman Sachs Alternatives to acquire a majority stake in Adler & Allan from an affiliate of Sun European Partners was first announced in April 2024. The deal will see the business continue to be led by its existing management team, under the leadership of group chief executive Henrik Pedersen.
At the time the agreement was announced, Jose Barreto and Mihir Lal of the private equity business at Goldman Sachs commented: "We are delighted to partner with the Adler & Allan team and look forward to accelerating the company's growth trajectory. We see tremendous value creation opportunity for the business via our platform both organically, and through a targeted acquisition strategy both in the UK and overseas with a continued focus on sustainability, climate transition, and water."
In partnership with Goldman Sachs Alternatives, Adler & Allan is expected to accelerate its M&A activity in the UK and internationally, with an ongoing focus on climate transition, sustainability and water. The group will also seek to continue to invest in its staff, technology and innovation.
Adler & Allan Group Chief Executive Henrik Pederson commented: "We are excited to join forces with Goldman Sachs, a global leader who shares the same vision for growth. This strategic partnership will enable us to expand our services and create significant value for our clients. We look forward to working together to put ESG into action for more customers in more markets."
Consulting is a major driver of sustainability and environmental services dealmaking
An established Independent Financial Adviser (IFA) firm in the North-West with £100 million Funds Under Management presents a unique acquisition opportunity.
An opportunity has arisen to acquire a prominent Scotland-based hub with an impressive £500 million of funds under management.
Opportunity to acquire a respected financial adviser in London with a significant £90m funds under management portfolio, providing a solid foothold in the high-net-worth sector.
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