LDC Sells Inprova Group; Inprova Energy Bought by Inspired plc, Management Acquires Remaining Business
January 9, 2019
LDC has completed the sale of procurement specialist Inprova Group Limited in two separate deals: Inspired Energy plc acquired Inprova’s energy division, while the existing Inprova management team acquired the non-energy procurement business. Headquartered in Warrington, Inprova provides outsourcing, technology and consultancy procurement services across public and private sectors and expanded under LDC ownership from ~35 to ~70 employees and to £15.3m revenue (FY2018).
- Buyers
- Inspired Energy plc, Inprova management team
- Targets
- Inprova Group Limited
- Sellers
- LDC
- Industry
- Consulting
- Location
- Cheshire, United Kingdom
- Transaction Type
- Divestiture
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