Howes Percival LLP’s corporate team has successfully advised the shareholders of the Northamptonshire based Dragon Infrastructure Solutions in relation to the disposal to Energy Assets Group Limited.
Dragon Infrastructure Solutions Limited is a leading Independent Connections Provider and Utility Infrastructure Provider with a primary focus on the residential new development market, but with an excellent reputation and track record of delivery across all market sectors – residential, commercial and industrial. The transaction which includes the acquisition of the group’s Utility Distribution Networks, adds an Independent Distribution Network Operator licence to Energy Assets’ Independent Gas Transporter accreditation, enabling the Energy Assets Group to accelerate its gas and electricity network operator product offering, nationally.
The shareholders of Dragon were advised by corporate specialist, Gerald Couldrake, assisted by Matt Thompson (corporate) and Erica Gradus (commercial property).
Simon Phipps, Dragon director and former shareholder noted that “the acquisition is another exciting milestone in Dragon’s history which further strengthens the company’s capabilities as a leading Independent Connections Provider in Britain. The investment is excellent news for both the core Dragon business and our recently established Independent Distribution Network Operator and marks the next stage of growth for the business. It was extremely important for us to find an owner that shares our drive for continued growth through a client-driven strategy and Energy Assets fits that bill. This is great news for both our businesses and clients, as we complement each other, providing truly national delivery capability as well as continued investment in our services across our markets.
We were really pleased to be working with Howes Percival on the sale, who were extremely responsive and helped us achieve the deal in extremely short timescales. Gerald and his team provided us with commercial and pragmatic advice throughout the transaction, meaning the shareholders were able to make decisions on all of the key areas of the deal very quickly, ensuring the transaction completed to both parties’ timescales”.
Commenting on the transaction, Gerald Couldrake noted that “We are delighted to have assisted the Dragon shareholders in what looks to be an exciting opportunity to continue to grow the business over the coming years. Howes Percival has been advising family owned businesses in and around Northamptonshire for decades, both in relation to acquisitions and disposals. With the further investment into the business from Energy Assets, and with the ongoing involvement of Simon Phipps and Deborah Edgar in executive roles, I am sure the business will continue to go from strength to strength.”