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Amey Utilities sold and renamed Avove
Private equity investor Rubicon Partners has completed the purchase of Amey Utilities and renamed the operation Avove
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The deal completed this week for the water and power maintenance services contractor which counts Yorkshire Water and Severn Trent among its main clients.
Avove will retain the same structure and management team as when owned by Amey but will appoint a new managing director.
Amey sold the business as part of its strategy to focus on its public sector-offering in transport and secure infrastructure as well as consulting.
The move provides the Avove team with the ability to leverage Rubicon’s significant experience in the water, energy, and power sectors.
updated:19/04/2022
