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Announced

ES Pipelines to acquire the domestic customer gas connection assets of Fulcrum for £46m.

Financials

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Transaction Value£46m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Single Bidder

Pending

Gas Distribution

Private

gas distribution network

Acquisition

Friendly

Majority

Synopsis

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ES Pipelines, a gas company in Leatherhead, England, agreed to acquire the domestic customer gas connection assets of Fulcrum, a provider of utility infrastructure services to the domestic, commercial and industrial markets throughout the UK, for £46m. "The sale of our domestic gas utility assets to ES Pipelines presents the opportunity to focus on our activities in key growth markets. This is part of our core growth strategy, which includes the design and build of utility connections, as well continuing to adopt assets in the traditional I&C market where appropriate," Philip Holder, Fulcrum Chairman.

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