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Gaby Hardwicke are pleased to have recently acted on behalf of the shareholders of the RJ Power Group in the sale to specialist engineering services provider, Ipsum, for an undisclosed sum.
RJ Power is a large electrical engineering company with sites all around the UK for whom Gaby Hardwicke have acted for many years.
Ipsum is a leading provider of engineering services in the Power, Water, Infrastructure and Telecoms sectors.
Andrew Pierce, Managing Director of RJ Power, said: “We’re excited to partner with Ipsum, ushering in a dynamic new era for our business, employees, clients, and partners. This acquisition is a testament to our team’s commitment and effort, and it paves the way for significant growth, fresh innovation, and added value for those we serve. We’d like to thank the entire team at GH, who have gone above and beyond to finalise this deal. Their hard work, long days, and unstinting perseverance and support have ensured the sale has been a success. They have helped provide the entire team at RJ Power with a new focus and renewed desire to succeed, which we hope will lead to a very bright future and continual growth under the guidance of Ipsum.”
The Buyer was represented by international law firm, Squire Patton Boggs. Grant Thornton provided corporate advisory and tax services to the selling shareholders.
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