Sub sector: Utilities and infrastructure
Date of initial investment: March 2017
Revenues: £60 million
Number of employees: 530
HQ: Preston, England
MML ESL (2021)
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.
In March 2017, we established Ipsum Utilities with a goal of building a modern and progressive utilities and infrastructure services business, delivering innovative and specialist services to its clients.
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.
Drawing on Aliter’s deep industrial experience and established network, Ipsum’s strategy is to grow organically and through acquisitions to establish a leading operator in the utilities services sector.
The growth of the business is based on delivering high quality customer service through multi-skilled teams, combined with smart IT solutions that enable Ipsum’s teams to deliver efficiencies and drive value through innovation.
By making these acquisitions, Ipsum has been able to combine the operational aspects of managing and maintaining infrastructure networks for clients, with cutting-edge IT applications that can be developed to 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.