Svella steps in as utilities firm Aberla goes into administration

Grant Prior 2 years ago
Share

Investment and acquisition specialist Svella has purchased two Aberla Group companies after the utilties business fell into administration earlier this week.

The move will safeguard 19 jobs at the Warrington based specialist as Svella strengthens  its infrastructure division.

Svella bought the telecoms, plant hire, transport and accommodation operations of failed contractor nmcn out of administration last year.

And former nmcn CEO Lee Marks is now a director of Svella.

He said: “We are delighted to have safeguarded 19 skilled roles in sectors with significant growth potential and we welcome Aberla employees to the Svella family.

“The rising cost of fuel, global focus on decarbonising transport and the expansion of electric vehicle infrastructure across the UK means the acquisition of Aberla Energy is of strategic significance to Svella Plc.

“Its service proposition is complementary to Svella Connect and allows us to leverage our digital infrastructure expertise to target growth in the fast-developing electric vehicle charging market.

“Aberla Utilities has strong capability and expertise in network design, which is a great strategic fit and really bolsters Svella Connect’s current customer offering.

“With the industry ramping up to deliver Government targets around full-fibre and EV charging, these acquisitions will create exciting commercial opportunities in line with our vision for long-term, sustainable growth.”

Jason Elliott, joint administrator and partner at Cowgills, said: “Having suffered extremely difficult times the Aberla board was required to make some difficult decisions.

“However, with our guidance, their backing and the unwavering interest shown by Svella Plc, we were able to successfully complete these deals thereby ensuring the continuity of 19 jobs. I wish Svella Plc and everyone associated the very best for the future.”

Latest news

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
10 hours ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
14 hours ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
1 day ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
15 hours ago

Work starts on Manchester 26-storey Obsidian tower

Contractor Domis starts Salboy's 10th Manchester scheme in seven years
13 hours ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
13 hours ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
1 day ago

Winners revealed for £150m fire safety framework

New deal will help organisations comply with the Building Safety Act
14 hours ago

Sellar plans £500m City tower next to Walkie-Talkie

Consultation starts on London 60 Gracechurch Street tower
2 days ago

Severfield ends year on high with record order book

Orders top £500m with strong future pipeline of opportunities ahead
2 days ago

Second senior director exits National Highways

Commercial director Malcolm Dare set to move on to new role
2 days ago

New scheme fuels London lab building boom

Plans in for 160,000 sq ft Whitechapel scheme near Royal London hospital
2 days ago

Contract race starts for next £155m section of A9 dualling

Prior Information Notice published for Tay Crossing to Ballinluig stretch
2 days ago

£55m Sheffield build-to-rent scheme approved

Demolition to start later this year for 158-flat Sheffield Garden project
2 days ago

London back as most expensive place to build in world

Capital leapfrogs Geneva to top costliest construction rankings
2 days ago

Gas supplier Regent to buy TClarke for £90m

£491m turnover listed building services specialist to be sold
3 days ago

Steel contractor Billington launches into bridge market

Steelwork firm hires staff from failed architectural and bridge specialist SH Structures
3 days ago

McGee employees benefit from rise in profits

Pre-tax profit doubles boosting payouts for Employee Ownership Trust
3 days ago

Lendlease veteran is latest new McAlpine director

Paul Sims joins as Operations Director after 40 years at rival contractor
3 days ago

Costain signs site labour supply deal with four firms

Contractor to use only a quartet of providers for temporary labour supply
3 days ago

BAM go-ahead for Leeds 200,000 sq ft office

Latitude Yellow will complete final plot at Doncaster Monk Bridge site
3 days ago

VolkerFitzpatrick wins £30m logistics job

Latest deal to build five distribution units for Prologis UK
3 days ago

Trio win new Scape utilities consultancy framework

Perfect Circle, AtkinsRéalis and Arcadis win places on
3 days ago

Precast firm FP McCann cleared after immigration raid

Home Office takes no action after public raid on construction site
4 days ago

Wates-owned SES restructure delivers record profit and revenue

Building services contractor revenue soars to almost £300m
4 days ago

25 groundworks firms win £100m Places for People deal

M&J Evans, Carmac and Churngold Construction feature in housing association's line-up
4 days ago

Energy efficiency firms angry at lack of CITB support

SME contractors funding bid "does not meet the current criteria for supporting productivity or EDI"
4 days ago

£400m South Cambridge science park approved

Outline approval allows former sewage treatment works to be demolished
4 days ago

McLaren gets green light for 45-storey Leeds tower

Landmark Wellington Square scheme will see 464 flats built with 360,000 sq ft of offices
7 days ago

Heavy rain causes 1.9% construction output fall

Hopes remain undampened of a resi-led recovery this summer
7 days ago

Contractor services