- Northavon is OCU’s sixth acquisition in over 12 months
- Triton first invested in OCU in August 2022
- Triton, based in London, is a European mid-market investor
OCU Group, a portfolio company of Triton Partners, will acquire the Northavon Group of companies, including Northavon Group, Northavon Holdings, Northavon Water Services, Hydrovein, and Multivein, along with their respective subsidiaries.
No financial details of the transaction were disclosed.
Northavon is a mechanical, electrical, and civil engineering contractor that operates in the South of England and South Wales. The company is based in Radstock, England.
The transaction is expected to be completed in May 2023.
OCU’s acquisition of Northavon will support its growth across the water and wastewater sector and will give OCU a regional presence across the South West of England, according to a release.
Triton first invested in OCU in August 2022.
Triton, based in London, is a European mid-market investor that focuses on industrial tech, services, consumer, and healthcare.
OCU is a service provider in the utilities industry, operating on a national scale. The company is headquartered in Manchester, UK.