Parsons Peebles Group, a Clyde Blowers Capital company, is pleased to announce the acquisition of the Avonmouth headquartered, Anstee & Ware Ltd. Anstee & Ware are leading providers of motor, pump and gearbox repair, maintenance, reconditioning and field services to the water, rail and industrial sectors in England and Wales.
The acquisition, which was finalised earlier today, provides the Parsons Peebles Group (PPG) with expanded service capability and additional locations to extend its UK wide coverage. The acquisition of Anstee and Ware will increase PPG’s total employee numbers in the UK from 120 to 270 and create one of the strongest players in the UK electrical service market.
Frank Barrett, CEO of the Parsons Peebles Group, commented, “Anstee & Ware are a high quality company with an excellent reputation and strong customer relationships. They are a great fit with PPG and will enable access to new market sectors, significantly enhance our geographic coverage and add a service capability on specific mechanical equipment.”
“Having seven additional facilities in England and Wales also provides us with the local network our key customers demand. I’m very excited about the additional capability this acquisition brings and we look forward to delivering even better service to our growing customer base.”
Jonathan Anstee, representing the sellers in the transaction, further added, “We consider this sale very beneficial to the future growth of Anstee & Ware. The combined strengths of the two companies will deliver one of the most comprehensive electromechanical service providers in the UK.”