AIM-listed Hercules has acquired Benefit NRG to maneuver into the increasing energy and power sector.
Benefit NRG is a specialist labour provide firm offering line staff for the development and upkeep of overhead electrical transmission traces, supporting main utility contractors throughout the UK.
Hercules has paid an preliminary £10.2m in money, plus a deferred fee of roughly £1.5m plus a one yr earn out, which might end in a most whole consideration of £15.7m.
The preliminary consideration is being financed via present money reserves and a brand new £6m mortgage offered by Wasdell Holdings, which is managed by Martin Tedham, a non-executive director and substantial shareholder in Hercules.
Established in 2011 and headquartered in Chorley, Lancashire, Benefit NRG has roughly 155 operatives. Within the yr to twenty-eightth February 2025, it generated £11.1m in income, EBITDA of £1.7m, and a revenue earlier than tax of £1.7m. As of 28th February 2025, Benefit NRG had web belongings of £2.5m.
That is Hercules’ third acquisition, following Future Construct Recruitment in November 2023 and the enterprise and belongings of QTT in June 2025.
Chief govt Brusk Korkmaz mentioned: “The acquisition of Benefit NRG marks one other essential milestone in Hercules’ progress journey. Because the UK accelerates funding in important energy and power infrastructure to make sure power safety, improve transmission and distribution networks, and meet its net-zero targets, the demand for extremely expert labour has by no means been larger.
“Benefit NRG’s deep experience in overhead electrical transmission, and its capability to supply, practice and mobilise specialist linesmen, each within the UK and internationally, completely enhances our technique.”
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