Announced
Financials
Tags
Private Equity
electricity network
Electrical Components
Acquisition
United Kingdom
Private
Synopsis
Aliter Capital-backed Ipsum Group, a national utilities and infrastructure services provider, acquired Stormport, a provider of electricity network asset installation, maintenance and repair services. Financial terms were not disclosed. The acquisition of Stormport will enhance Ipsum’s existing services and geographic footprint in the UK electricity sector and add new customer relationships with key DNOs. In addition, Stormport’s growing ICP presence is highly complementary to Ipsum’s existing business in that market.
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