Winder Power Limited has been acquired by Enterprise Vent./Bank of Ireland
Winder Power Limited (Winder), the specialist manufacturer of power distribution and generation equipment, has been sold to a management buy-out backed by Enterprise Ventures and Bank of Ireland UK, for US$9.5 million.
Established over a century ago, Winder specializes in the design and manufacture of power and distribution transformers for use on electricity networks while Newton Derby supplies generation equipment for sectors including marine, rail and aviation.
The transaction transfers control of the business to a management team led by Managing Director Laurence MacKenzie, Operations Director Andy Pinkney, General Manager Paul Matthews and Finance Director Jo Evans. Andy Pinkney and Paul Matthews were already shareholders in the business. They will be joined by a new chairman, Harry McCracken, who has over 40 years’ experience in the power industry and is the former group managing director of Viridian Power & Energy.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Talk to the deal team
Related deals
Top Systems teams up with Holland Capital to create the premier Dutch battery-based solutions provider
Holland Capital, a Netherlands-based private equity firm, has acquired a stake in Top Systems, a leading provider of complete battery-based power solutions, with a unique value-added services proposition.
Learn moreSoler & Palau Ventilation has acquired subsidiaries of United Enertech Holdings
Soler & Palau Ventilation, Inc. (S&P) has acquired subsidiaries of United Enertech Holdings, LLC. (UEH). The subsidiaries included Air Conditioning Products, LLC; Air Performance, LLC; Metal Form Manufacturing, LLC; and United Enertech Corp.
Learn moreInfotreasury has been sold to Matera
Matera, a leading banking software company with world-class instant payments and core banking solutions, has acquired Infotreasury.
Learn more