Cooper Parry Corporate Finance, with colleagues from the Transaction Tax team have advised the shareholders of Power Control Ltd on the sale of their business to Legrand SA, a listed French company.
Established in 1990, Power Control is a leading specialist installation and maintenance service provider of critical infrastructure and Uninterruptible Power Supply (“UPS”) equipment. Based in Sheffield, Power Control has a strong reputation throughout the UK.
This acquisition of Power Control is closely aligned with Legrand’s strategy to strengthen their global positions in segments buoyed by strong, structural trends (energy-efficiency infrastructures, solutions for flexible and comfortable ways of working). At the same time boosting their total annual sales of companies acquired in 2022 to nearly €145 million.
Legal advice to the shareholders was provided by Knights, led by its Corporate team including Martin Smith, Gareth John, James Sparkes and Tanya Dobson.
Power Control’s shareholder, Tom Nicholson, will remain with the business and continue to play a leading role in the integration and combined growth of the group going forward.
Tom Nicholson, Managing Director of Power Control, said:
“The Cooper Parry team added value throughout the deal process, giving invaluable support and technical guidance at each step. They understood the fundamentals and competitive positioning of our business. I would recommend any owner-managed business to work with Cooper Parry to deliver their transaction.”
Katie Cash from the Corporate Finance team said of the deal:
“We’re delighted to have supported the Power Control team on this deal with Legrand.
The business’ success is a testament to the hard work of their team and its emphasis on high quality service and maintaining strong relationships. We’re excited to see its growth continue as it successfully transitions in the Legrand’s expansive geographical plans.
It was a pleasure to work with the Power Control team and we wish the business all the very best success as it moves forward with Legrand’s direction.”
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