New owners at power grid firm after £9m MBO

Tue, 13 Feb 2018 | MBO/MBI

The management team at one of the country’s leading secure power solutions firms has successfully completed an MBO, thanks to funding provided by a private equity firm.

Dale Power Solutions, based in Scarborough, has provided secure systems that ensure that power sources are reliable for clients across the UK for more than 80 years. Since 1935 its clients have included NEC, Siemens, National Grid, ISG, Mitie, Vodafone and Thames Water.

The firm employs more than 270 professionals across the country, including 70 service engineers who serve the nation.

A team led by the firm’s chief executive Tim Wilkins, who has worked in the power sector for more than 30 years, successfully completed the buyout thanks to £9 million of funding provided NVM Private Equity. The team was supported by Denzil Lee, Dale’s chairman, who will continue in the role following the MBO.

The firm’s management team say that the MBO will allow the firm to expand to meet new opportunities, with sectors such as energy storage expected to complement Dale’s already strong growth in its core business. Capital provided by NVM will also allow the firm to consolidate its position through new acquisitions.

Lee said he and the rest of the Dale team were excited to work with NBM to “exploit the significant new opportunities” in a fast-growing and evolving energy storage sector.

He added: “NVM throughout the process have worked closely with the team to understand the business and we have already developed an excellent working relationship which will help us greatly in exploiting the business opportunities.”

James Arrowsmith, investment partner at NVM, added: "We have been very impressed with the team at Dale, who have done a great job in building a high quality business providing power solutions and services which are critical to a wide range of organisations in the UK and abroad.


Share this article



Latest Businesses for Sale

Nursery
Scotland, UK

The nursery operates 7.30 am – 6.00pm, 50 weeks of the year. The nursery occupies the entire ground floor, along with extensive outdoor play areas and a garden. The main entrance is from the front via a secure door entry system, with secure entry sys...

Asking Price: £650,000
Turnover: £478,000

LEASEHOLD


Airport Demand & Capacity Consultancy
South East, UK

The Company provides the airport industry with a wide range of capacity and demand consultancy services. The company can analyse, model, forecast and optimise the flow of people, baggage and vehicles throughout the airport environment, from airside t...

Asking Price: Offers Invited
Turnover: £1,309,000

Construction Company
Leeds, West Yorkshire, Yorkshire and the Humber, UK

Highly profitable Family Run Business, that has been in the same hands for over 20 years. Operating out of Leasehold premises the business is easily relocatable, many of the subcontractor workforce has been working with the company for many years. Of...

Asking Price: £1,900,000
Turnover: £1,709,427

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
17
 
Sep
 

Vodafone and EE in sale talks with Phones 4U's administrators | ADMINISTRATION

A few days after Phones 4U’s collapse two of the mobil...

 
15
 
Sep
 

Phones 4U in administration after network provider exits | ADMINISTRATION

Mobile phone seller Phones 4U has entered administration wit...

 
12
 
Jun
 

Entrepreneur comes out of retirement to purchase roofing business | BUSINESS SALE

Roofing entrepreneur Mr David Tilley has come out of retirem...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources