Stockport-based OCU Workforce is now the bulk proprietor of All Power Contracting (AEC), an Australian contractor specialising in renewables and effort infrastructure services and products.
Monetary main points weren’t disclosed.
Established in 2018 and headquartered in Brisbane, Australia, AEC delivers sun, wind, garage, civil, and gear infrastructure services and products throughout Australia and New Zealand.
AEC will proceed to be led through its present control crew underneath its current emblem.
OCU used to be based in 1994 as O’Conner Utilities Workforce through brothers Tim and Tom O’Connor. They offered it to personal fairness company Triton Companions in August 2022.
OCU Workforce leader govt Michael Hughes stated of the AEC acquisition: “This funding represents a measured first step in our global adventure. AEC has constructed a robust recognition in power infrastructure, and the alignment of values and ambition between our groups makes this a herbal have compatibility. Plenty of our power transition shoppers function across the world and feature requested whether or not OCU can strengthen them past the United Kingdom. We’re already pursuing alternatives in Australia with a number of of those shoppers, developing additional expansion doable for AEC. In combination, we have now the chance to ship higher affect throughout Australia’s power transition panorama.”
Steve Urquhart, founding father of AEC, stated: “Partnering with OCU Workforce is an important new bankruptcy for us. Their power, intensive transparent focal point on power transition, and dedication to folks and programs construction will strengthen our long-term expansion. We see robust cultural alignment and stay up for shared studying throughout each groups.”
OCU is the second one UK contractor to make an Australian acquisition this month. Simply closing month Amey – additionally personal fairness owned, like OCU – published that it had obtained a development consultancy industry referred to as Premise, additionally founded in Brisbane, like AEC. [See previous report here.]
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