Transactions

OCU Group Limited (“OCU”), holding company of O’Connor Utilities and Instalcom, has announced it is being acquired by Triton Partners to support its next phase of growth.

OCU is a leading UK multi-utility services specialist operating within regulated infrastructure markets, including electricity, rail, water, gas and telecoms. Based in Stockport, Greater Manchester, and with a national presence, the acquisition of the group comes following a period of sustained growth to support the future of the UK economy, creating highly attractive market growth prospects.

Founded in 1994 by brothers Tim and Tom O’Connor, OCU has a workforce of over 3,000 employees and contractors across the UK and delivered revenues of c. £300m in the financial year to April 2022. Working directly with network operators nationally, OCU offers a range of specialist technical solutions and capabilities in the fields of utility, civil, mechanical, and electrical engineering, alongside expert competencies in network design and project management.

Triton Partners focuses on driving growth in businesses it partners with across Europe and has a strong track record of investing in services businesses. Their current portfolio of companies have combined annual revenues of over €18bn.

OCU and Triton Partners said that the new partnership will see a continuation of the exceptional utility service provided by OCU but also see further investment in non-regulated opportunities as the UK economy increasingly focuses on renewable power as part of the country’s energy transition.