M&A Deal Summary

Portchester Equity Acquires Alconex

On December 31, 2022, private equity firm Portchester Equity acquired utilities company Alconex

Acquisition Highlights
  • This is Portchester Equity’s 1st transaction in the Utilities sector.
  • This is Portchester Equity’s 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-12-31
Target Alconex
Sector Utilities
Buyer(s) Portchester Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Alconex

Garforth, United Kingdom
Alconex is a provider of multi-utility service offering a bespoke and innovative service to its customers across the UK, complemented by a highly-skilled, in-house design team. The company also offer single and dual installations as well as carrying out the offsite work (contestable), diversions, commercial connections, substations, gas governors, street light installation and connections etc. Alconex was founded in 2017 and is based in Garforth, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Portchester Equity Ltd. is an investment holding company focused on providing investments in private UK companies. The Firm looks to invest between $3 and $10 million in companies with EBITDA greater than $1 million. Target sectors include beverages, building materials, business services, consumer services, infrastructure, plastics, and transportation. Portchester Equity was formed in 2010 and is based in Winchester, United Kingdom.


DEAL STATS #
Overall 7 of 7
Sector: Utilities M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 6
Country: United Kingdom M&A 7 of 7
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-08 Brymor

Hampshire, United Kingdom

Brymor is provider of construction services in the UK. The company always find the most cost-effective solutions for client’s needs, supported by preconstruction service delivering innovative solutions. Brymor was founded in 1987 and is based in Hampshire, United Kingdom.

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