Clearwater International UK has advised private equity firm LDC and the management of Dale Power Solutions (Dale), provider of critical power supplies, on the sale of the business to NVM Private Equity (NVM).
Dale is one of the UK’s leading national providers of reliable secure power solutions for applications where power is critical. It serves organisations in many diverse sectors including telecoms, healthcare, oil & gas and utilities, as well as the power distribution network itself. Dale employs more than 270 people across the UK, including a nationwide team of more than 70 service engineers. With its strong brand reputation, based on technical excellence, design capability and high quality service back-up, the business has built up an impressive list of global blue-chip clients including NEC, Siemens, National Grid, ISG, Mitie, Northern Power Grid, Vodafone and Thames Water.
New opportunities for Dale in areas such as energy storage, are expected to complement strong organic growth in its core business, in what is a rapidly developing energy market in the UK. The investment from NVM will also provide scope to consolidate its position as the leading independent UK provider of these services through acquisition. The deal is NVM’s first management buyout from NVM III LP.
The Clearwater International team that comprised of Managing Partner Phil Burns, Partners Mark Taylor and Constantine Biller, Directors Karen Edwards and Joe Dyke and Associate Alex Brindley, advised LDC and management on the buyout of Dale.
Denzil Lee, Executive Chairman, Dale Power Solutions said: “The team at Dale is excited with the new opportunity of working with NVM to further develop our core business and exploit the significant opportunities in the new and fast developing energy storage sector. 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, NVM said: “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. We are looking forward to working with Denzil, Tim and the rest of the team to take advantage of new market opportunities whilst continuing to build on the core business. There is scope for significant growth over the next few years and we are very excited about the business’s future under NVM’s ownership.”
Martin Green, Managing Director, NVM added: “I am delighted that we have been able to support management in the buyout of Dale. It is a quality business led by a strong management team who have demonstrated their ability to adapt to changing market conditions and the prospects for the business in the evolving UK power market are exciting.”
Phil Burns, Managing Partner, Clearwater International commented: “
The management team at Dale have built a strong platform providing essential power solutions to its customers. The business is well positioned for future development and can seize the opportunities in the buoyant energy sector through organic growth and strategic acquisitions.”