Freedom group

Mike Porter, Chief Finance Officer and Jonathan Stockton, Deputy Chief Finance Officer led the transaction for NG Bailey with support from Andrew Coticelli, of Deloitte, in relation to tax due diligence, Giles Taylor and Nigel Hinchcliffe, of KPMG, for corporate finance advisory and financial due diligence and respectively Gareth Saynor of CMS leading the legal process.

The sector is set for significant expansion over the coming years, with new technologies supporting the rapid growth of low carbon power generation in the UK and the development of increased battery storage capacity.

The acquisition also increases NG Bailey’s capabilities in sectors such as defence and airports, as well as expanding its engineering and maintenance services across major infrastructure portfolios, such as data centre telecoms and ports.

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“Bringing Freedom Group into the NG Bailey family provides a natural extension to the range of services we already offer – particularly engineering and maintenance services.
“Combining our offerings strengthens both our market positions, but it also creates significant new opportunities for both businesses. It will enable NG Bailey to compete more effectively in new markets, specifically the electricity distribution sector. It is an area where our combined skills and market-leading approach to principal contractor management, design and BIM will add considerable value.
“Having Freedom’s skills and expertise will increase our capabilities within electrical infrastructure. It makes strategic and commercial sense to have Freedom as part of our group, as it’s a well-respected company in a sector with strong future growth opportunities.”
David Hurcomb, Chief Executive of NG Bailey

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The addition of Freedom’s 600-strong team will take NG Bailey’s headcount to 3,600 employees.

The expanded business will have a turnover of more than £600m a year and provides an excellent opportunity for NG Bailey to extend its range of services and develop a presence in new sectors, specifically the electricity distribution network (DNO) market.

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For more than 20 years Freedom has provided engineering capital replacement projects and ‘hard FM’ maintenance services, particularly within utilities through its four divisions; Infrastructure Services, Networks, Power and Professional Services. Freedom works primarily with DNO’s and private network owners across substations, overhead lines, underground cables, buildings and associated infrastructure. Its key customers include Northern Powergrid, UK Power Networks, Scottish Power, Electricity North West, Yorkshire Water and the Port of Felixstowe.

David Hurcomb, NG Bailey’s Chief Executive, said: “Bringing Freedom Group into the NG Bailey family provides a natural extension to the range of services we already offer, particularly engineering and maintenance services.

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As part of the NG Bailey Group, Freedom’s existing management team will continue to run the £120m turnover business under the existing brand.

NG Bailey, the UK’s largest independent engineering, IT and facilities services business, has completed the acquisition of Freedom Group, a leading provider of facilities and power engineering services.

As part of the NG Bailey Group, Freedom’s existing management team will continue to run the £120m turnover business under its existing brand.

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The acquisition also increases NG Bailey’s capabilities in sectors such as defence and airports, as well as expanding its engineering and maintenance services across major infrastructure portfolios, such as data centre telecoms and ports.

Freedom works primarily with DNOs and private network owners across substations, overhead lines, underground cables, buildings and associated infrastructure. Its key customers include Northern Powergrid, UK Power Networks, Scottish Power, Electricity North West, Yorkshire Water and the Port of Felixstowe.

“Combining our offerings strengthens both our market positions, but it also creates significant new opportunities for both businesses. It will enable NG Bailey to compete more effectively in new markets, specifically the electricity distribution sector. It is an area where our combined skills and market-leading approach to principal contractor management, design and BIM will add considerable value,” he concluded.

For more than 20 years Freedom has provided engineering capital replacement projects and ‘hard FM’ maintenance services, particularly within utilities, through its four divisions: Infrastructure Services, Networks, Power and Professional Services.

“This transaction marks an exciting milestone in the development and growth of Freedom, which has become a well-established, successful business with a strong presence in its core market.
“Our existing knowledge of and relationships with, the distribution network operators, combined with NG Bailey’s innovative approach to large engineering and services projects, provides a strong platform for sustained growth for both companies.
“The enlarged group will offer a highly-attractive end-to-end proposition across electrical, mechanical and fabric maintenance services to a number of markets, focusing on outstanding technical expertise and project delivery.”
David Hartley, Chief Operating Officer of Freedom Group

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Источники:

https://www.galwaybeo.ie/news/ireland-news/galway-business-power-couple-granted-9594689&rut=bc880ab45608969256d8d839c5872c1c77323605b072830b00903d7d36e159ad
https://www.tomorrowsfm.com/bim/ng-bailey-acquires-freedom-group&rut=01e5059019ea7c0cb4bd1fac33c1bc689810e1da811ff4c6df1f9adbf4d92e62
https://www.ngbailey.com/article/21/ng-bailey-extends-its-engineering-and-services—capabilities-with-acquisition-of-freedom-group&rut=ed6441c0598a3a5e90e005069aa42fe08ed5a2b466133d2cfaab4fd9d1f239e7
https://www.construction.co.uk/construction-news/242920/ng-bailey-completes-acquisition-of-freedom-group&rut=faba4077b8ed4d677433a8fcfce8bfb400a618b36a1f1f8f84afa55a20b8cb4f
https://www.glassdoor.co.uk/Overview/Working-at-Freedom-Group-EI_IE1392158.11,24.htm&rut=7e47459cc607c11917a4bbfdb7e0594f03d6df049d06856caacd0c075ca0f06b
https://find-and-update.company-information.service.gov.uk/company/11603931&rut=bb5a6ac3fed096c9f95c0dab741ee0464d01fe134c0cb451f42209c34ab4af33
https://www.freedomgroup.co.uk/&rut=ea54a76bbdc2b0fa4d811b41ce650baa0b62afbe4d4d5cfce8b9192619f4e134
https://en.wikipedia.org/wiki/Remington_Outdoor_Company&rut=60da6051c0e8d9dc472bd36be77611a0cf68a38f7857ba6bddfc7659acbbac06
https://www.nytimes.com/2011/11/27/business/how-freedom-group-became-the-gun-industrys-giant.html&rut=38c4ec2c8c8c9ae60ce9d7092aee8b8388e64cadbd221e5abaf945b7332301ae