Benchmark International has Advised Manor Renewable Energy on its sale to a Consortium of Investors
Manor Renewable Energy, leading provider in offshore temporary power and engineering solutions, and its wholly owned subsidiary, Manor Marine, have been acquired by a consortium of investors.
Manor Renewable Energy was founded in 2013 and is the leading provider in offshore temporary power and engineering solutions to the wind farm industry. Manor Marine, which began trading in 1991, provides vessel construction and maintenance services.
The deal facilitated the exit of a founder shareholder and provides backing for the team to continue its high-growth plan. Going forward, the investors will support the existing management team with strategic and commercial expertise as the business seeks to broaden its offering by investing in its operations and maintenance division.
Paul Wilson, Managing Director of Benchmark International, and advisor to the vendors, said: "It was a pleasure working with Eric, Toby and John on this transaction and I am delighted that we have secured the right equity investor to take the business to the next level."
Rob Asplin, co-founder and managing director at Castle Mill Equity Partners, said: "We're clearly thrilled to now be a part of the Manor story. The experienced team at Manor are impressive and know their market and the business they've created better than anyone else. It's a pleasure to now work with them and we can add our broad commercial experience, strategic support and our investment partners' wealth of expertise and contacts to help continue the Manor success story."
On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.
WE ARE READY WHEN YOU ARE
Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
Europe: Carl Settle at +44 (0) 161 359 4400 / Settle@BenchmarkCorporate.com
Americas: Sam Smoot at +1 813 898 2350 / Smoot@BenchmarkCorporate.com
Africa: Anthony McCardle at +27 (0) 21 300 2055 / McCardle@BenchmarkCorporate.com
Website: http://www.benchmarkcorporate.com (http://benchmarkcorporate.com/)
Page Updated Last on: Nov 20, 2019