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Announced

Triton to acquire OCU Group.

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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Multi-Utilities

Majority

utility

Private

Single Bidder

Private Equity

United Kingdom

Domestic

Friendly

Acquisition

Pending

Synopsis

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Triton, an investment firm, agreed to acquire OCU Group, a utility services provider. Financial terms were not disclosed. “The acquisition by Triton marks the end of an exceptional three decades of ownership by the O’Connor family. Tim and Tom have been phenomenal stewards of the business and we are thankful for all they have done. As we look ahead, our focus is on ensuring that the business continues to grow and evolve, whilst also maintaining the strong culture and approach to customer service that they have instilled, and which remains our key differentiator. Our partnership with Triton will help to facilitate further growth and allow us to better take advantage of strategic opportunities in our core sectors,” Michael Hughes, OCU Group CEO.

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