Winder Power Limited has been acquired by Enterprise Vent./Bank of Ireland
Winder Power Limited (Winder), the specialist manufacturer of power distribution and generation equipment, has been sold to a management buy-out backed by Enterprise Ventures and Bank of Ireland UK, for US$9.5 million.
Established over a century ago, Winder specializes in the design and manufacture of power and distribution transformers for use on electricity networks while Newton Derby supplies generation equipment for sectors including marine, rail and aviation.
The transaction transfers control of the business to a management team led by Managing Director Laurence MacKenzie, Operations Director Andy Pinkney, General Manager Paul Matthews and Finance Director Jo Evans. Andy Pinkney and Paul Matthews were already shareholders in the business. They will be joined by a new chairman, Harry McCracken, who has over 40 years’ experience in the power industry and is the former group managing director of Viridian Power & Energy.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Talk to the deal team
Related deals
Royal Reesink has sold Motrac Industries to Anders Invest
Royal Reesink and Anders Invest have completed the sale of Motrac Industries, a specialist in hydraulic and electrical engineering.
Learn moreManagement and founders of Sansidor have successfully invested alongside IK Partners
IK Partners has signed an agreement to invest in Sansidor, a fast-growing testing, inspection and related services provider. IK is investing in the group alongside existing shareholders HC Partners, founders of Sansidor’s group companies and the current management team.
Learn moreDublin-based Ardmac acquired by industrial group Purever
Global industrial group Purever Industries has acquired Ardmac, a Dublin-headquartered international specialist contracting firm.
Learn more