Thames Valley’s HMT advises on Senseco acquisition of Power Plus

By Sam Pither

22 February 2023

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Thames Valley-based corporate finance specialist, HMT LLP has advised on the recent acquisition of fire systems and electrical contractor Power Plus by Gillingham-based Senseco Systems.

HMT provided financial due diligence to the buyer, which is a specialist in Carbon Neutral Life Safety Systems and will use the acquisition to continue the growth of its national coverage and tap into Power Plus’ success in the North.

The HMT team advising on the transaction consisted of Partner Paul Read and Director Corin Briault-Hutter.

Stephen Thomas, CEO at Senseco said: “Power Plus is a fantastic business and a perfect addition to the Senseco Systems buy and build journey. This deal provides huge opportunity for our businesses to grow both geographically and technically as we bring our teams together providing lots of personal development opportunities and maintain our hugely successful track record of integration and joint business development.

“Our clients now have the opportunity to engage with Senseco and our wide range of life safety services across the North of England. We are also delighted that the three original founding Directors of Power Plus. Jon, Jimmy and Michael were keen to stay on and join us on the next exciting chapter.”

Paul Read said: “We are delighted to have advised Senseco on their acquisition of Power Plus. The addition of Power Plus is opening new growth opportunities for Senseco Systems. We look forward to working with them again in the future.”

By Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.