GCA Altium leads £22m company sale

Adrian Reed

The Manchester team at GCA Altium has advised The Dunamis Group on its £22m sale to Fulcrum Utility Services.

Sheffield-based Fulcrum, which is listed on London’s Alternative Investment Market (AIM), has entered into a conditional agreement to acquire Dunamis, an electrical infrastructure services company.

Founded in 2012, Dunamis is one of the UK’s leading independent electrical connections providers. The company currently has 48 employees and is headquartered in Bury St Edmunds.

Fulcrum is a multi-utility infrastructure and services provider to the UK’s residential, commercial and industrial markets. The acquisition will significantly expand Fulcrum’s capabilities and specialist knowledge in the electrical infrastructure services sector.

The shareholders of Dunamis were advised by Adrian Reed, Adam Sivner and Durgesh Panchani at GCA Altium.

Reed said: “Dunamis is led by an entrepreneurial management team with a long-standing track record in the electrical infrastructure space.

“This market represents a significant growth opportunity for Fulcrum and is estimated to be worth in excess of £500m per annum.

“The two companies will also benefit from the fact that the gas and electrical services sectors are mutually compatible – providing significant cross-selling opportunities for both businesses. We are confident that Dunamis will continue to thrive as it becomes part of Fulcrum.”

Wayne Hayes, chairman at Dunamis, said: “This transaction marks an exciting milestone in the development of Dunamis and we are delighted to be entering the next stage of our growth strategy under Fulcrum’s ownership.

“I believe that the enlarged business will offer a highly attractive proposition to the utility services market focused on outstanding technical expertise and project delivery.”

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