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.
Offering marquee hire from small to large this business services mainly the events industry, its own smaller marquee competitors and occasional work directly with individuals. They can support parties and weddings through to corporate dinners, festiv...
LEASEHOLD
This contemporary, stylish 4 star hotel has 24 comfortable and individually-designed ensuite bedrooms, a modern bar and a recently refurbished restaurant with a great vantage point and some of the best seaside views in North Wales.
This is an attractive and strategically well-located hotel in the heart of Porthmadog and a stone’s throw from the junction of the A497.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.