Larking Gowen helps gas engine repair specialists achieve significant deal
Landfill site operator Enovert has acquired ABC Power Limited, the UK’s leading gas engine repair and overhaul specialists.
Based in Norfolk, ABC Power Limited provides gas engine parts, site maintenance and full engine overhaul services for major gas engine manufacturers across the UK. From its parts stores, assembly and machine shop facilities in Gorleston, ABC Power provides complete engine and engine component overhauls and site-based landfill gas engine maintenance services for key landfill gas generation customers.
With more than 40 years' experience in providing site-based landfill gas engine maintenance, the acquisition of ABC Power will strengthen the Enovert Group’s ability to provide a complete range of landfill gas services.
All of ABC Power’s senior management team and staff will be retained. The business will continue to operate as ABC Power Limited and will provide services to landfill operators across the UK.
Our Corporate Transactions team implemented and managed the sale process and Legal advice was provided by Leathes Prior Solicitors.
We were first introduced to our client, ABC Power, after a deal they had received off-market fell through. We marketed the business for sale and managed to receive multiple offers from trade and private equity before securing ABC a deal with Enovert, which was significantly above the original deal.
Jack Minns, Larking Gowen Corporate Transactions Partner, said, “It was incredibly satisfying to deliver such a landmark transaction for our client that demonstrated a significant improvement on the initial off-market approach. Generating competitive tension is key to getting the best deal. We wish the team at ABC all the best.”
Ronnie Blyth, Director of ABC Power, added, “All at ABC Power, including management and staff, are delighted with Enovert’s acquisition of the business. To be part of such a successful waste sector company is a fantastic opportunity for growth of ABC within the industry, and we look forward to a bright and prosperous future.”
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