Closed transaction

HV Energy Systems

Advisers to specialist independent connection provider, HV Energy Systems, on its sale to global environmental consultancy group, RSK Group.

Advised by
Client
Counterparty
Deal stage
Closed transaction
Service
Sell
Sector
Energy
Sub-sector
Renewables
Contact
mark.naughton@frpadvisory.com

Deal details

We’re pleased to have advised on the sale of HV Energy Systems (HVES), a Bristol-based specialist independent connection provider, to global environmental consultancy RSK Group in a multimillion-pound deal.

Founded by engineers Craig Steven and Louis Wright, HVES is National Electricity Registration Scheme (NERS) accredited and delivers high-voltage grid connection infrastructure for renewable energy and energy storage projects across the UK. Its services include detailed design and engineering, procurement, project management, construction, installation, commissioning and energisation.

Our Corporate Finance team acted as the lead advisers to the shareholders of HVES on the sale. We worked with the shareholders and management to help prepare the business for sale, identify potential buyers, including RSK Group which was the shareholders preferred partner to take the business forward. We then led on the commercial negotiations, managing the process through to a successful completion.

Craig Steven and Louis Wright will continue to lead the business, which will be strengthened by its partnership with RSK.

For RSK, the acquisition reinforces its focus on end-to-end delivery across renewables, energy storage and wider infrastructure. It also strengthens the group’s integrated service offer, while retaining HVES’s delivery-led operating model.

Mark Naughton RolePartner FirmFRP Corporate Finance I lead the Corporate Finance team in the South West and Wales for FRP Advisory, having more than 25 years Corporate Finance experience gained from a number of roles across FRP, Grant Thornton and PwC across the UK. View profile
Kush Kunwar RoleManager FirmFRP Corporate Finance Kush joined FRP in 2022 as a Manager in the Corporate Finance team, based in our Bristol office. View profile
Tom White RoleExecutive FirmFRP Corporate Finance View profile

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