Gordons advises Associated Utility Supplies on acquisition by Osmose Utilities Services
Monday 21st October 2024
Gordons has advised Associated Utility Supplies (AUS), a supplier of specialist equipment and services for distribution network operators, on its acquisition by Osmose Utilities Services, a leading provider of structural asset management solutions for the electric utility industry.
Partner Jonathan Asquez and corporate solicitors Lucy Leyland and Lisa Murphy advised the shareholders of AUS on the deal.
AUS is an established distributor and manufacturer of a wide range of operational and safety critical products for the electric utility, railroad, and telecommunications industries.
The company also offers tool repair, safety training, and equipment inspections. AUS employs more than 50 highly experienced staff and will continue to be headquartered in Huddersfield, England.
“This acquisition is a testament to our commitment to growth and innovation,” said Lee White, managing director of AUS. “Together, we will build a stronger, more resilient company that is well-equipped to meet the evolving needs of our market.”
“The shareholders of AUS have known the Gordons team for some time and they were the natural choice to support them on the sale.”
Founded in 1934, Osmose is the market-leading provider of critical resiliency, assessment, mobile contact voltage testing, evaluation, and restoration services for electric transmission, distribution, and telecommunications companies in the United States, Canada, Europe, Australia, and New Zealand.
Headquartered in Atlanta, Georgia, the company employs more than 4,000 people. Osmose’s field technicians, professional engineers, scientists, and corrosion experts utilise their expertise to identify and solve issues to make utility infrastructure safer, longer lasting, and more resilient while lowering the total cost of ownership. Osmose is a portfolio company of EQT Infrastructure
“We are excited to partner with AUS to strengthen electrical grids in the United Kingdom, Ireland, and beyond” said Mike Adams, chief executive officer of Osmose. “Integrating AUS’s pole restoration products and technology will help Osmose offer even more robust grid resilience services to our electric utility customers across the globe.”
You can learn more about the work of Gordons’ corporate and M&A expertise here.
