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
Security & Structured Cabling Systems
Lancashire, North West, UK
This North West based security systems provider offers a wide range of business technologies from CCTV IP and access control to digital advertising boards, automated parking technologies, structured cabling and more. These are highly specialised serv...
Day Nursery
Aberdeenshire, Scotland, UK
Presenting a well-established nursery with a capacity for 87 children with qualified management team in place.
Construction and Design Consultant
UK Wide
Extensive experience competing projects in the hospitality sector. Directors are willing to provide a handover period. Our clients are offering the company for sale to facilitate retirement plans. The company currently offers its services to 16 activ...