P.P. O’Connor has acquired Galvac Limited, a provider of vacuum excavation equipment for an undisclosed sum.
Galvac Limited, head quartered in Salford and operating nationally, was part of civil engineering contractor GPL Group which entered into administration last month. The acquisition is for the assets and employees of Galvac and secures the immediate future of 28 employees of the company.
Charmaine O’Connor, Chief Executive, P. P. O’Connor Group said: “We are delighted we have been able to acquire Galvac Limited and secure the jobs of its team so quickly. We are looking forward to welcoming the members of the Galvac team into P.P. O’Connor. This acquisition complements the range of services we offer to our clients and it’s testament to the hard work of everyone at P. P. O’Connor that we are able to expand our business further in such a positive manner.”
Commenting on the transaction, Ben Woolrych, partner at FRP Advisory, said: “Galvac is a solid business with a strong reputation for providing a high-quality service within a very specialist sector. By working closely with the directors to market the business and its assets for sale, we’ve been able to find a buyer that has strong synergies with the company and secure a deal that delivers the best possible result for the parties involved. The administrators were advised by Martin March of Turner Parkinson,”
The acquisition provides P.P. O’Connor with an industry leading fleet of vacuum excavation trucks that can service a national footprint supporting major infrastructure contracts, utilities and the broader industry with the latest innovation in safe dig techniques.