A Bristol generator company founded more than half a century ago has been sold to a Glasgow company for an undisclosed sum.
Family-run Power Electrics Generators (PEG), which is headquartered in Warmley, has been acquired by Scottish generator specialist DTGen.
PEG sells, commissions and installs generators to a blue-chip customer base in the datacentre, industrial and utilities sectors. The business was established in 1963 and has grown to a fleet of more than 2,500 generators and 25 HGVs.
The company operates out of several locations across the country and has the UK's largest purpose-built generator depot.
The corporate team from law firm Burges Salmon advised the owners of PEG on the sale.
Nick Graves, partner at Burges Salmon, was the lead advisor on the deal alongside associate Briony Barber. Corporate tax support was provided by Hilary Barclay, while Luke Bowery and Molly Horton advised on the employment aspects of the transaction. Emily Scaife and Charlotte Wardman proved banking support.
John Pullin, owner of PEG, said: “The sale of PEG to DTGen marks the beginning of a significant new chapter for PEG. Working with Nick, Briony and the team has been a real pleasure. They provided us with comprehensive specialist advice and helped us navigate a series of complex transactions through to a successful and timely conclusion.”
In March, PEG announced a £2m investment in 50 battery (hybrid) units, designed to cut fuel consumption and emissions. According to the firm, the investment will grow the company's existing hybrid fleet and allow it to provide "more economical and sustainable" power solutions for its customers.
Mr Pullin said at the time: “Continued innovation is one of our core values, and this commitment to hybrid battery units will allow us to reduce our emissions even further."
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