Hercules Expands Power Division
Hercules has acquired Lyons Power Services, a labour supply specialist in the power sector, for £702,800.
The deal, split equally between cash and Hercules shares, gives the company control of a key player in switchgear and substation commissioning across the UK and overseas.
- The partnership structure allows for full buyout in up to ten years based on future earnings.
The deal follows Hercules’ June purchase of Advantage NRG, a supplier of overhead linesmen, and further strengthens its position in the fast-growing energy infrastructure market.
Clients of Lyons Power Services include Siemens, SSE and other major DNOs, with revenue of £1.4m and pre-tax profit of £0.29m in the year to 31 January 2025.
Author's summary: Hercules expands power division with Lyons Power Services acquisition.