Rubicon Partners Acquires Avove

April 12, 2022

Rubicon Partners has acquired the utilities business, now operating as Avove, in a carve-out transaction completed on 12 April. The stand‑alone business provides water and power maintenance services to customers including Yorkshire Water and Severn Trent; Rubicon has retained the existing management team, appointed Mark Perkins as Executive Chairman, and intends to grow the business leveraging its experience in water, energy and power sectors.

Buyers
Rubicon Partners
Targets
Avove
Sellers
Amey
Location
Lancashire, United Kingdom
Transaction Type
Buyout

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