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New Deal


Announced

Completed

Palatine completed the acquisition of NRG Fleet Services.

Financials

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

Tags

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Friendly

Private

Single Bidder

United Kingdom

Outsourced HR and Staffing

Private Equity

Acquisition

Completed

holding company

Majority

commercial services

Domestic

commercial vehicles

Synopsis

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Palatine Private Equity completed the acquisition of NRG Fleet Services, a provider of specialist services to the commercial vehicle sector. Financial terms were not disclosed. “Steve and the rest of the management team at NRG have created a stand out national fleet services business, with a strength in supporting complex fleets. On the back of this investment, we look forward to supporting the team to deliver the many opportunities for value creation that present themselves, including a continued buy and build strategy and the further development of NRG’s services, which includes its strong market position for the delivery of electric vehicles," James Winterbottom, Palatine Senior Investment Director.

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