Longacre Group Acquires Allenwest from Ampcontrol
LONDON – 27 April, 2021 – Longacre Group has acquired Allenwest Limited ("Allenwest"), a designer and manufacturer of explosion proof and rugged electrical power supply equipment from Ampcontrol Group Limited.
Allenwest is headquartered in Prestwick and began life in 1918 servicing the Scottish mining industry. Today the company supports the mining, renewable energy, tunneling and industrial markets with a range of switchgear, transformers, power centres and other explosion protected or intrinsically safe electrical items.
Elliott Nicholson, Managing Director at Longacre Group said “Allenwest has a long established history and a market leading position in a range of end markets. We are excited to work with the Allenwest management team to strengthen its value proposition and support growth. This is our fourth corporate carve-out in the last three years and we continue to see this as an area of specialisation for Longacre Group.”
For more information please visit www.allenwest.co.uk
Longacre Group was advised by TLT.
For further information please contact:
Elliott Nicholson +44 (0)203 675 7732 email@example.com
Stani Schmidt-Chiari +44 (0)203 675 7731 firstname.lastname@example.org
About Longacre Group
Longacre Group is a private investment firm backing small and medium sized companies across the UK and Europe in B2B sectors. Longacre Group approaches investments with an entrepreneurial mindset and works alongside experienced management teams to promote transformational growth through geographic expansion, strategic acquisitions and operational improvements.
Longacre Group makes decisions quickly and deploys £100m of flexible evergreen capital to fund a wide range of transaction types. We have backed management teams in buy-outs, supported new teams to buy-in, acquired non-core divisions from large corporates, turned around loss-making businesses and helped owner-managers to find solutions in retirement sales