Electric Business

A brief summary of business news to keep you informed on company start-ups, corporate downsizing and mergers and acquisitions.

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US insurance group swoops for Hettle Andrews & Associates

US insurance agency AssuredPartners has bought Hettle Andrews & Associates for an undisclosed sum. Based in Birmingham, Hettle Andrews is a risk management and insurance broking firm focused on the education, charity and corporate sectors.

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JLEN splashes out on Yorkshire Hydropower

John Laing Environmental Assets Group (JLEN) has acquired Yorkshire Hydropower (YHL) for £4.3m. The deal includes the rights to two operational hydro projects and a battery storage system, further diversifying JLEN’s portfolio of wind, solar, anaerobic digestion, waste and wastewater projects.

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Begbies Traynor buys Dunion & Co

Begbies Traynor has acquired Dunion & Co, a Stoke-on-Trent based provider of corporate recovery services to businesses across Cheshire, Staffordshire and beyond. It will remain in its current Tunstall premises under the leadership of Diane Dunion, adopting the Begbies Traynor brand.

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Altodigital buys Platinum to kiskstart M&A spree

Print specialist Altodigital has acquired Bedfordshire-based IT support services firm Platinum, as it bids to achieve 25% growth within three years. Altodigital has 492 staff and reported revenue of £71.2m for the year ended 30 September 2018.

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Make It Cheaper acquires Smart Utility Management

ECI portfolio company Make It Cheaper has announced the acquisition of Smart Utility Management, a provider of energy utility management and switching services to SMEs. The deal brings MIC Group’s total contracts under management to over 216,000.

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SMP Group acquires Jersey-based Helm Trust Company

SMP Group has announced a deal for Helm Trust Company, a trust and corporate services provider based in Jersey. The deal gives SMP a presence in a key strategic jurisdiction and improves its overseas networks.

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Jungle IT makes first acquisition

Mazars has sold its Leeds IT operations to Jungle IT for an undisclosed sum. Jungle is an IT reseller that provides brands including Dell, HP, Lenovo, Microsoft, Netapp and Toshiba. It has offices in Leeds and Halifax, and sees its headcount climb to 25 with this deal.

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London agency Capella PR to become PAN UK

PAN Communications, a midsize US PR and marketing agency for B2B tech and healthcare brands, has acquired London agency Capella PR. The deal sees Capella rebrand as PAN UK, and opens opportunities for the 20-strong team in the US market.

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RAW Technology to rebrand with RSK takeover

Environmental, engineering and technical services consultancy RSK has acquired RAW Technology, its fourth acquisition of the financial year. RAW is a specialist in inland oil spill response and remediation. Operating worldwide, it has 85 employees and 16 offices in the UK and Ireland. The firm will become part of RSK’s contracting division and rebrand as RSK Raw once the deal completes.

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Maven Capital Partners sells GEV Wind Power

Maven Capital Partners has sold GEV Wind Power to Bridges Fund Management. GEV provides blade repair and maintenance services to wind farm manufacturers and operators in the UK, Europe and the US.

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