Ilkeston firm set to power through £200m barrier following deal to rescue acoustics firm
The acquisition of Hodgson Acoustics out of administration by Wiltech Acoustics is set to take parent company WB Power Services through the £200m turnover barrier, it has been revealed.
Leicestershire-based Hodgson Acoustics, based in Loughborough and Leicester, entered administration on September 20. WB Power, based in Ilkeston, has had a longstanding partnership with Hodgson on major generator projects, and negotiated a deal with the administrators, RSM, to acquire assets, stock, and the existing facility of the firm. All 80 jobs at Hodgson were saved following the deal.
Andy Wilmott, CEO of the Wilmott Group and managing director of WB and Wiltech, has expressed his gratitude for the efforts of the WB Power Services team in bringing the deal forward. He specifically acknowledged the contributions of Kate Stevenson, Danny Buttar, David Grummitt, Jackie Belcher, and Sean Garrity, who worked “tirelessly” under tight timelines to bring the deal to fruition.
Wilmott added: “I have had the privilege of meeting a majority of the Wiltech Acoustics Ltd team over the last week, and I am genuinely impressed with their attitude, ambition, and dedication. We are excited to collaborate with the entire team and are committed to making Wiltech Acoustics a resounding success.”
WB Power Services, which deals in critical power projects, generator maintenance and hire solutions, announced a turnover of £110m in 2023, and with the acquisition and continued growth, expects to take this through to £200m next year.