Partner Article

Temple Bright advises on sale of UK water sector specialist Northavon to OCU Group

Law firm Temple Bright has advised the owners of the Northavon Group of companies on the sale of the group to OCU Group.

The Northavon Group includes Northavon Group Limited, Northavon Holdings Limited, Northavon Water Services Limited, Hydrovein Limited and Multivein Limited. The group primarily operates in the water sector in the South of England and South Wales. It provides a broad range of services including mechanical, electrical, instrumentation and civils design; construction and installation of clean and wastewater treatment facilities and sewage pumping stations; and maintenance services. Its clients include a number of water utility companies including South West Water, Thames Water, Wessex Water and Dŵr Cymru Welsh Water. It also has divisions focusing on highways and groundworks.

OCU is an innovative service provider in the utilities industry. The group serves a large blue-chip client base throughout the UK and Ireland, active in all utility areas including power, energy, telecoms, water, rail and directional drilling. The acquisition of Northavon Group will support OCU’s growth across the water and wastewater sector as the group continues to expand in water and energy-related opportunities. The deal will also give OCU a stronger regional presence across the South West of England.

Mike Clancy, Group Managing Director of Northavon Group, said: “We are absolutely committed to providing our clients with the most comprehensive and dynamic capital project and maintenance support available. With less than two years to go until AMP8, we have huge potential to streamline ways of working to create an environment that both meets regulatory requirements and gives the best service for our customers.

“OCU is focused on growing across water and energy-related sectors to increase its expertise and support societal and environmental goals. We’re excited to now be part of the Group that shares our commitment to a greener and cleaner future and look forward to seeing what projects we can deliver together.”

Adrian O’Sullivan, Managing Director of OCU Utility Services, added: “The experience and expertise Northavon has across the water space is both impressive and exciting. As we head towards Net Zero, it will be great to merge our teams, share learnings and inspire each other as we solve the challenges facing the industry.”

The team at Temple Bright was led by corporate partner Andy Poulton, assisted by partners Aaron Bennett (real estate), Tom Farman (employment), Comron Rowe (pensions), James Falle (competition and procurement), Andrew Tibber (IP & technology), Will Whitt (banking) and Carol Tricks (tax).

Andy Poulton said: “We are delighted to have advised the Northavon shareholders on this deal, which is of major significance not only for the parties but also for the UK water sector as a whole. The deal process was thoroughly positive and collaborative throughout. All involved rose to the occasion and through a combination of pragmatism, attention to detail and sensible advisers achieved a great result in a short timeframe. The natural synergies were obvious from the beginning which augurs well both for the future success of the business and for the environment.”

Mark Matthews, one of the Northavon shareholders, said: “Warmest thanks to Andy Poulton and his colleagues for helping us to get this deal over the line within a very exacting timetable. Temple Bright fielded a broad team of specialists who were able to handle whatever the process threw at them, keeping their eyes firmly on the goal. Andy was impressive both as a team leader and as an adviser, showing professionalism, pragmatism and responsiveness throughout.”

OCU Group was advised by Addleshaw Goddard LLP.

Temple Bright was launched in 2010 using a tech-enabled, streamlined business model involving advice provided exclusively by partners. It now has more than 70 partners spread between offices in Bristol and London EC2. The firm advises clients ranging from start-ups to PLCs across a broad range of sectors, with particular strength in M&A.

This was posted in Bdaily's Members' News section by Temple Bright LLP .