PM+M has advised on the sale of Detectronic Ltd – a specialist in sewer and wastewater network monitoring and management.
The Lancashire-based company was acquired for an undisclosed sum by environmental services business Adler and Allan Limited. This is A&A’s fourth acquisition in the utilities sector, and sixth overall in the last 18 months. The deal will further enhance its capabilities in wastewater telemetry and monitoring.
Jim Akrill, consultant in PM+M’s corporate finance team, and tax directors Roger Phillips and Claire Astley advised Detectronic on key elements of the sale.
Phillips said: “PM+M has seen a real surge in transactions over the last few months, with Detectronic being the latest. We are delighted to have advised on this deal; Detectronic is a great Lancashire business and the synergies created as part of the acquisition will allow Adler and Allan to expand its market reach.
It will add huge leverage and will enable the company to go from strength to strength. We wish them all the best for the future.”
Steve Woods, executive chairman at Detectronic, added: “We are delighted to be joining the Adler and Allan Group. The services it offers, combined with its established position in the utilities market, allows us to extend our expert monitoring and management solutions to more companies.”