Inverness based investment group GEG Capital expands with capture of north-west England firm from St Helen’s Approved Power Services Ltd (APS)
Inverness-based investment group GEG Capital is expanding in the power and utilities infrastructure sector with acquisition of a firm in north-west England.
The deal sees GEG purchase 100 per cent of the equity of St Helen's-based high-voltage (HV) cable installation and jointing specialist, Approved Power Services Ltd (APS) from owner Paul Oakes.
All employees and the existing APS management team, including managing director Gerry Donnelly, will remain in place, with plans to double the workforce in the next 12 months.
The acquisition enhances GEG Capital’s comprehensive energy infrastructure capability, while equipping APS to take on larger-scale projects.
Rory Mackenzie, board director at GEG Capital, said: “We’re delighted to add the considerable capabilities of APS to the GEG Capital portfolio.
“APS has built an outstanding reputation in the energy infrastructure and cabling sector.
“By integrating its expertise into our portfolio, we significantly enhance our ability to deliver end-to-end solutions.
“The acquisition of APS brings further opportunities for the entire group. We will benefit from synergies with our other portfolio companies, including utilities, energy, and renewables contractor Global Infrastructure, and Arthian, which specialises in planning, environmental, engineering, and safety services.
“As with all our significant investments, we identified in APS a company that shares our values, our vision for the UK energy sector, and our ambitious plans for growth and people development.”
APS owner Paul Oakes said: “Not only will we immediately benefit from the opportunities created by collaborating closely with fellow group companies, but being part of a larger group will allow us to take APS to the next level.”
