PwC Corporate Finance advises Altrad on their acquisition of Stork UK Ltd.
The PwC Corporate Finance team is pleased to announce that it acted as lead advisor to Altrad on their acquisition of Stork UK Ltd, a leading provider of integrated industrial, mechanical, integrity and quality services to the industrial and energy sectors in the United Kingdom.
Altrad is an international leader in the provision of industrial services, providing value adding solutions principally for the Energy, Industrial Processing, Petrochemical and Construction sectors. The Group is also a recognised leader in the manufacturing of equipment dedicated to the Construction and Building market. Altrad’s multidisciplinary services range from engineering and technical services to maintenance, access solutions and specialised services for industry leaders. The Group, headquartered in France, employs 65,000 people and generated revenues of €5.452 billion in 2024.
Stork UK was previously owned by Fluor Corporation, and has a legacy of industry-leading project execution and service delivery across the UK Offshore continental shelf.
Peter Hughes, Altrad’s Executive Vice President, said:
“The PwC Energy and Infrastructure services team provided us with fantastic advice. Drawing on their deep understanding of the sector and transaction experience they were an excellent Partner to Altrad in this transaction.”
Following the acquisition, Altrad will support the wider management team to expand the business and accelerate growth.
PwC Corporate Finance acted as buy-side lead financial adviser to Altrad - the PwC team advising on the deal was Jon Shelley, Chris Bush, Coll MacRae and Ben Binnie.
Jon Shelley, Lead Advisory Partner PWC, said:
“We are delighted to have advised Altrad through this transaction. Stork holds a pivotal position in the infrastructure integrity space and Altrad is the perfect partner to help them reach the next phase of their growth ambitions.”
Additional services were provided by PwC as follows:
- PwC FDD: Drew Stevenson, Alan Barr, Euan Allison, Chiara De Santis and Roy Cook
- PwC SPA Advisory: Trevor Milne and Gareth Sum
- PwC Tax: Paul Halliday, Jonathan Mitchell, Scott Frame and Elliot Bagguley
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