Clarke Willmott advises US company on acquisition of Associated Utility Supplies Ltd
Lawyers at national law firm Clarke Willmott LLP have advised US company Osmose Utilities Services Inc. on its acquisition of Huddersfield-based Associated Utility Supplies (AUS) Ltd.
Osmose is a leading provider of structural asset management solutions for the electric utility industry while AUS is a supplier of specialist equipment and services for distribution network operators in the UK and Ireland.
The deal was led by Simon Thomas, Bristol-based partner and Head of the Corporate team at national law firm Clarke Willmott LLP, assisted by Megan James, (Corporate), Amy Peacey (Commercial), Sarah MacLarty (employment), Andrew Stokes (commercial property) and Bassey Hogan-Itam (Corporate Tax).
Jonathan Asquez and Lisa Murphy from Gordons LLP in Leeds acted for the sellers.
“We are excited to partner with AUS to strengthen electrical grids in the United Kingdom, Ireland, and beyond,” said Mike Adams, Chief Executive Officer of Osmose.
“Integrating AUS’s pole restoration products and technology will help Osmose offer even more robust grid resilience services to our electric utility customers across the globe.”
John Rigney, Chief Legal, Risk and Compliance Officer, Osmose Utilities Services Inc., added: “We were referred to Simon and the Clarke Willmott team by our US attorneys and really appreciated their assistance and support on this, our first acquisition in the UK market. We look forward to continuing to work with them as we develop the Osmose business further in the UK.”
“This acquisition is a testament to our commitment to growth and innovation,” said Lee White, Managing Director of AUS. “Together, we will build a stronger, more resilient company that is well-equipped to meet the evolving needs of our market.”
In addition to electric utilities, AUS also serves the railroad and telecommunications industries as a manufacturer and distributor of operational and safety critical products. AUS will continue to be headquartered in Huddersfield, where it employs around 50 people.
