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Ipsum Utilities

Ipsum Utilities are a leading provider of specialist utility and infrastructure support services. Aliter established Ipsum Utilities in March 2017 with a goal of building a modern and progressive utilities and infrastructure services business, delivering innovative and specialist services to its clients. Aliter agreed the sale of Ipsum to IK Partners in May 2023.​


We made our first acquisition in Ipsum in March 2017 with the goal of building a market leading service provider in the utilities sector.

Ipsum has been able to combine the operational aspects of managing and maintaining infrastructure networks for clients, with smart IT solutions that provide real time information on asset performance with greater access to information for data analytics. Ipsum’s core blue chip customer base is primarily within the water and private sectors but both its software and operational asset management services are equally applicable to electricity and gas distribution and transmission.

How we’ve helped

In March 2017, Aliter backed Ipsum’s acquisition of Complete Asset Life Management Group Ltd (CALM), a specialist asset management company providing services to the utilities market.

This was followed later in 2017 with the acquisition of SPEC, a specialist high voltage engineering business providing a range of critical services to high voltage assets for clients with private networks.

In February 2019, Ipsum made a third acquisition – EEG. A national service provider with operations across the UK, and has a network of strategically located depots, delivering a range of services to the UK utility, facilities management and infrastructure sectors, including drainage maintenance and repair, civil engineering, asset mapping and flood prevention. Following shortly after EEG, Ipsum made a fourth acquisition in April 2019. Stormport, a market leading business in electricity network asset installation, maintenance and repair services.

Ipsum made its fifth acquisition in February 2021 of MMC ESL which offers electrical engineering and related services – with specialist expertise in electricity distribution and working in high voltage environments.

The group strategy evolved and offered a wide range of services across a broader geographic area, extending their national market lead significantly.


The group’s strategy was to drive growth based on delivering high quality customer service through multi-skilled teams, combined with smart IT solutions that enabled Ipsum’s teams to deliver efficiencies and drive value through innovation.

Realised Investment

Aliter realised its investment in Ipsum when the sale of the business to IK Partners was agreed in May 2023.

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Key facts
Sub sector: 
Utilities and infrastructure

Date of initial investment: 
March 2017

£73 million

Number of employees: 

Preston, England

CALM (2017)
SPEC (2017)
EEG (2019)
Stormport (2019)

MML ESL (2021)

Ipsum Utilities

Growth objective: 
to build a strong and successful business by helping customers in the utilities and infrastructure sectors to manage their networks and assets more effectively and efficiently.

Since my first interaction with Aliter, the team have been nothing short of impressive.  Aliter’s depth of experience and understanding of both private equity, and the business world more generally is best in class.  The insight, support and constructive challenge provided to their executive leadership teams provides an excellent platform for growth and sustainable value creation.”

Richard Thomas, CEO, Ipsum Utilities

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