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.
Unusual opportunity to acquire this national and well established, full service Mechanical & Electrical consulting engineering company. Offers invited.
LEASEHOLD
Works with a network of reliable hauliers to provide comprehensive and reliable logistics solutions on a national basis. Offers invited.
RELOCATABLE
Has established a prominent position with clients in its industry due to its prestigious portfolio. Operates from two leasehold premises. Offers invited.
LEASEHOLD
|
23
|
|
May
|
Fintech company Loot collapses into administration | ADMINISTRATION
After failing to secure further backing from the Royal Bank ...
|
22
|
|
May
|
Spike in M&A activity in the education sector | BUSINESS SALE
In recent months, the education sector in the UK has witness...
|
22
|
|
May
|
Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION
Celebrity chef Jamie Oliver, who shot to fame after campaign...
Sign up to receive our acquisition alert emails to get your FREE guide
|
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...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources