Magma Corporate Finance have advised the shareholders of Integrum Power Engineering Ltd on its sale to OCU Group.
Founded in 2017, Integrum has rapidly grown to become a leading electrical engineering design and build contractor specialising in high-voltage power distribution projects to customers operating in renewables, utilities, oil and gas, mass transit and private networks.
The business will now support OCU as it expands its capabilities in the non-regulated energy market and rail sector to support the delivery of the electrification programme to enhance the mainline network, whilst also focusing on infrastructure opportunities that will aid the UK’s transition to net-zero.
Magma acted as lead advisors to the selling shareholders and offered transactional tax advice. The Magma team included Shaf Bheda, Mark Tuckwell, Chris Matthews and Andrew Wilson.
Northampton based Corporate Partner, Keith Gilbert, led a multi-disciplinary team of lawyers at Keystone Law, which included amongst others David Jepps, Paul McCourt, Will Sander and Mark Turner.
Alex Geary, Managing Director of Integrum, commented, “We are confident that OCU is the right home for Integrum, and we look forward to seeing the company continue to grow and succeed as part of the OCU Group.”
He added, “The Magma team offered expert knowledge, coupled with a strong understanding of our business and the sector. Their advice throughout was invaluable and helped achieve a positive outcome for all parties involved. The Keystone team were exceptional throughout the entire process and an absolute pleasure to deal with. We felt reassured and entirely confident in the pragmatic advice and collaborative service provided.”
Shaf Bheda said, “We are proud to have supported Integrum shareholders on the sale. The transaction is a significant strategic move for both companies, and we are confident that the combined entity will be well-positioned to capitalise on the growing demand for renewable energy and decarbonisation infrastructure.”
Keith Gilbert commented, “It was a pleasure and privilege to work with the Integrum team through the sale process and we look forward to following the business’ continued success within the OCU Group.”
Addleshaw Goddard LLP acted as external legal advisors to OCU, with Hurst providing tax advice.