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AIM-listed Hercules has acquired Advantage NRG to move into the expanding power and energy sector.

Advantage NRG is a specialist labour supply company providing line workers for the construction and maintenance of overhead electrical transmission lines, supporting major utility contractors across the UK.

Hercules has paid an initial £10.2m in cash, plus a deferred payment of approximately £1.5m plus a one year earn out, which could result in a maximum total consideration of £15.7m.

The initial consideration is being financed through existing cash reserves and a new £6m loan provided by Wasdell Holdings, which is controlled by Martin Tedham, a non-executive director and substantial shareholder in Hercules.

Established in 2011 and headquartered in Chorley, Lancashire, Advantage NRG has approximately 155 operatives. In the year to 28^th February 2025, it generated £11.1m in revenue, EBITDA of £1.7m, and a profit before tax of £1.7m. As of 28^th February 2025, Advantage NRG had net assets of £2.5m.

This is Hercules’ third acquisition, following Future Build Recruitment in November 2023 and the business and assets of QTT in June 2025.

Chief executive Brusk Korkmaz said: “The acquisition of Advantage NRG marks another important milestone in Hercules’ growth journey. As the UK accelerates investment in critical power and energy infrastructure to ensure energy security, enhance transmission and distribution networks, and meet its net-zero targets, the demand for highly skilled labour has never been greater.

“Advantage NRG’s deep expertise in overhead electrical transmission, and its ability to source, train and mobilise specialist linesmen, both in the UK and internationally, perfectly complements our strategy.”

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