Clearwater has advised the shareholders of UK Power Solutions (UKPS); one of the UK’s leading Independent Connection Providers (ICP), on the investment by Infracapital.
UKPS is one of the UK’s leading multi-utility connections providers, designing and building ‘last mile‘ electricity, gas and water networks, connecting end customers to the relevant upstream distribution utility‘s network. The company has developed a reputation for high-quality and flexible solutions, which it provides to a range of customers across new build residential, high rise, commercial and retail projects. UKPS is led by a strong management team and supported by a highly skilled workforce with market leading technical capabilities.
The acquisition follows Infracapital’s October 2018 investment in last mile electricity, gas and water connections business Energetics, which has a strong presence in Scotland and the North of England. The two businesses will operate independently, but alongside each other as part of the Last Mile Infrastructure Group. The investment will help support the company’s growth plans as it continues to invest in its multi-utility offering and sales team to grow its market share.
