Wednesday, February 21, 2024

Nene Capital Successfully Conclude Second Acquisition of 2022

Nene Capital, an opportunity focused investor in UK SMEs, has announced the successful acquisition of Integral Electrical Services ‘IES’, a specialist manufacturer of temporary power distribution systems based in West Bromwich, UK. 

Nene Capital is pleased to announce the acquisition of specialist manufacturer of temporary power distribution systems, IES, from its founder management team. As its second transaction of 2022, Nene Capital are delighted to welcome IES to its growing portfolio. 

Long established and highly regarded, IES has gone from strength to strength under the careful stewardship of the founding managers. Passionate about safety, quality and reliability, IES is a trusted partner to many for their temporary power needs. IES’ UK manufactured boards and associated equipment are routinely used across a broad spectrum of recognisable events, such as: festivals, sporting events, films, and tv through to major construction and infrastructure projects nationwide. 

With the existing management team remaining in place for the foreseeable future, as part of a structured handover, it is Nene Capital’s aspiration to continue to support and grow the business from this robust foundation. 

Commenting on the acquisition, Stephen Bayliss, Managing Director of Nene Capital said: “IES is an excellent addition to our growing portfolio of high performing SME’s. We are excited to work with this capable and talented management team as we look to further strengthen an enviable market position through structured growth. IES is a perfect fit for us.

This marks our second acquisition of 2022, and we remain singularly focused on delivering value on a risk adjusted basis across all of our strategies. 

We are actively pursuing other acquisition opportunities as we execute our ambitious growth plans.”

Commenting on the acquisition, Simon Stringer, Finance Director of Nene Capital said: “ IES is an exciting acquisition for Nene Capital.  The existing management team has added recent growth to its existing strong business fundamentals and represents an opportunity for future success.

IES has an established position in a growing market and have secured their position through focus on quality and customer service.”

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