A significant milestone has been achieved in the utilities sector with the recent acquisition of an electrical installation and maintenance contractor.
This strategic move is set to enhance the acquiring company’s capabilities and geographic reach across the power sector, solidifying its position in the industry.
Expansion of Capabilities
The acquisition includes Stoke-on-Trent-based electrical installation and maintenance contractor, Site Energy, along with its affiliated training business, SES Training Solutions.
This move marks the seventh acquisition within the power division and ninth overall for the acquiring business.
Broader Geographical Reach
The addition of Site Energy will significantly enhance the acquiring company’s functionality in electrical and mechanical design, installation, and maintenance of both low and high voltage installations across the country.
An official statement highlighted the company’s commitment to developing its workforce, as well as providing high-quality training to the broader industry.
Furthermore, this acquisition is expected to streamline and bolster existing services, offering a more comprehensive suite of utilities solutions.
Commitment to Employee Development and Training
The acquisition of the training facility underscores a strong commitment to upskilling current and new employees.
Providing continuous, high-quality training opportunities is essential for maintaining industry standards and supporting career growth.
The company’s CEO emphasised that this move not only broadens their capabilities but also aids in nurturing future talent within the power industry.
Leadership Perspectives on the Acquisition
Richard Thomas, the CEO, commented on the acquisition, noting its potential to expand capabilities and geographical reach.
He expressed enthusiasm about integrating new colleagues and collaborating with the existing leadership of Site Energy and SES Training Solutions.
Richard’s comments reflect the strategic importance of the acquisition in supporting long-term growth and development.
Seamless Integration and Future Opportunities
Simon Blundred, MD at Site Energy, mentioned the collaborative efforts over the past months aimed at ensuring a smooth transition.
He indicated that the acquisition would further enhance their capabilities and leverage the acquiring company’s extensive resources.
Blundred’s optimism about the future prospects underscores the potential for growth and innovation resulting from this acquisition.
Training Sector Excitement
Carl Thompson, MD at SES Training Solutions, expressed his excitement about the acquisition’s impact on the training sector.
He highlighted the critical role of training in addressing the industry’s challenges, particularly in attracting new talent.
Thompson’s remarks draw attention to the promising opportunities for training and development within the power sector.
Advisors and Transaction Details
The transaction was advised on by Luke Rae, Corporate Deal Executive.
Although the financial terms of the deal remain undisclosed, the strategic benefits are clear and substantial.
This acquisition marks a pivotal point in the expansion of the acquiring company’s power division.
By broadening capabilities, enhancing geographical reach, and emphasising employee development, the company is poised for sustained growth and success.