M&A Deal Summary

Rubicon Partners Acquires Avove

On April 14, 2022, private equity firm Rubicon Partners acquired utilities company Avove from Amey

Acquisition Highlights
  • This is Rubicon Partners’ 2nd transaction in the Utilities sector.
  • This is Rubicon Partners’ 25th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-04-14
Target Avove
Sector Utilities
Buyer(s) Rubicon Partners
Sellers(s) Amey
Deal Type Divestiture

Target

Avove

Chorley, United Kingdom
Avove design, build and maintain the UK’s utilities infrastructure, delivering industry-leading performance in water, waste-water, telecoms and power management sectors. Avove was founded in 2022 and is based in Chorley, United Kingdom.

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Buyer(S) 1

Buyer

Rubicon Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Rubicon Partners is a large private equity firm focused on acquiring industrial service and products businesses. The Firm targets business valued from £15 to £250 million and has a special interest in situations with transactional or operational complexity. Specific areas of interest include aerospace, construction, machinery, construction, building products, automotive, energy/power, industrial services, and specialty distribution. Prospective transaction situations include carve-outs, successions, and other special situations. Rubicon Partners was formed in 1993 and is based in London.


DEAL STATS #
Overall 31 of 33
Sector: Utilities M&A 2 of 2
Type: Divestiture M&A Deals 2 of 3
Country: United Kingdom M&A 25 of 27
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 John Lawrie Group

Aberdeen, United Kingdom

John Lawrie Group provides key services to the oil and gas, construction, and utility sectors through its three divisions: Metals, which remains the largest metal recycler and exporter of processed scrap metal in North and North-East Scotland. Tubulars, which is a leading specialist in the trading of new and reusable tubulars for construction piling, and casing and drillpipe for oil and gas, around the world. Decom which provides decommissioning and recycling services to the oil and gas sector. John Lawrie Group was founded in 1930 and is based in Aberdeen, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-31 CMD

Rotherham, United Kingdom

CMD is a designer and manufacturer of workplace products ranging from underfloor power track and power hub power distributions systems, floor boxes, workstation power, and AV/data modules to monitor arms, CPU supports, and cable management solutions that are designed to be quick and easy to install and adaptable for contractor, client, and end-user. CMD was formed in 1984 and is based in Rotherham, United Kingdom.

Buy -

Seller(S) 1

SELLER

Amey

London, United Kingdom

Category Company
Sector Construction
DESCRIPTION

Amey is an infrastructure services and engineering company helping the economy to grow by designing, maintaining, and transforming the nation’s strategic assets. The company’s unique engineering and operations experience, together with data-driven insight from its consulting business, delivers better results for our clients. Amey is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-31 Herefordshire Jarvis Services

York, United Kingdom

Herefordshire Jarvis Services, Ltd is a provider of various services to community.

Buy £4M