M&A Deal Summary

South Staffordshire Acquires Omega Red Group

On November 1, 2010, South Staffordshire acquired energy services and equipment company Omega Red Group from LDC

Acquisition Highlights
  • This is South Staffordshire’s 1st transaction in the Energy Services and Equipment sector.
  • This is South Staffordshire’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2010-11-01
Target Omega Red Group
Sector Energy Services and Equipment
Buyer(s) South Staffordshire
Sellers(s) LDC
Deal Type Add-on Acquisition

Target

Omega Red Group

Nottingham, United Kingdom
Omega Red Group is the U.K. market leader in the specialist design, supply, installation, testing and maintenance of electrical earthing and lightning protection systems.

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Buyer(S) 1

Buyer

South Staffordshire

Walsall, United Kingdom

Category Company
Founded 1853
Sector Utilities
Employees2,300
DESCRIPTION

South Staffordshire is an integrated services group with a highly regarded regulated water supply business covering two separate supply regions (South Staffs Water and Cambridge Water), coupled with the provision of related, non-regulated specialist services within two main divisions, Echo and SSI Services. South Staffordshire was founded in 1853 and is based in Walsall, United Kingdom.


DEAL STATS #
Overall 3 of 3
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 3 of 3
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-23 OnSite Central

Worcester, United Kingdom

OnSite Central Ltd. is a wastewater management contracting company and serves construction, transport, industrial, power, and domestic clients, as well as utilities, waterways, and local authorities.

Buy £4M

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 32 of 210
Sector: Energy Services and Equipment M&A 1 of 3
Type: Add-on Acquisition M&A Deals 15 of 97
Country: United Kingdom M&A 30 of 204
Year: 2010 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 Cable Management Products

Birmingham, United Kingdom

Cable Management Products Ltd is a major player in the global cable management market with a broad spread of brands and a comprehensive range of quality products. It brings together the immense expertise of market leading brands such as Adaptaflex, Elkay and Kopex along with specialised brands Harnessflex and Pro Teq.

Sell $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-20 British Salt

Cheshire, United Kingdom

Based in Middlewich, Cheshire, British Salt produces a wide variety of specialist salt products for a diverse range of UK and overseas markets, from food processing to the production of chemicals such as chlorine.

Sell £93M