We are pleased to announce that Richard Guthrie and Jack Horwitz of Leathes Prior’s Corporate & Commercial Team have acted for sellers Ronnie Blyth and Steve Carter on the sale of the UK’s leading gas engine repair and overhaul specialists ABC Power to landfill site operator Enovert.
From its assembly and machine shop facilities in Gorleston, Norfolk, ABC Power has over 40 years’ experience providing complete engine and engine component overhauls for major gas engine manufacturers across the UK as well as site-based landfill gas engine maintenance services for key landfill gas generation customers.
Mark Silvester, CEO of the Enovert Group, said: “ABC Power has an excellent reputation within the sector and the purchase is part of Enovert’s growth strategy, which seeks to widen our in-house range of specialist landfill and waste management services.
“The acquisition will strengthen and complement the Enovert Group’s existing range of specialist landfill, landfill gas and waste sector services, and will enable Enovert to provide the complete range of landfill gas services, from design, installation and generation of gas field and gas utilisation plants, through to supporting their operation, maintenance, and overhaul of engines across the UK.
“We are delighted to welcome ABC Power Limited and all the company’s staff to Enovert Group and we look forward to working with them to grow the business, while continuing to provide a first-class service to our existing and new customers.”
Ronnie Blyth, Director of ABC Power, stated that, “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, we look forward a bright and prosperous future.” He added his thanks to Leathes Prior for their “expert advice and guidance throughout the acquisition process”.
Richard Guthrie, Partner in the Corporate & Commercial Team at Leathes Prior commented: “We are extremely pleased to have been able to support the ABC Power sellers, Ronnie Blyth and Steve Carter, on this transaction which highlights our expertise in implementing and managing a sale process through to a successful conclusion. There are clearly great synergies between ABC Power and Enovert and we look forward to seeing ABC Power continuing to thrive under the new structure.”
For more information on how the LP Corporate & Commercial Team can help you sell your business, please contact us at 01603 610911 or firstname.lastname@example.org.