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.