Rainsford Acquires M&E Firm, ACES

Rainsford Contracts Limited and partner Tnui Capital have acquired an 80% controlling stake in Bristol-based mechanical and engineering company, Avon Combined Electrical Services (ACES).

Rainsford Contracts will be working in partnership with ACES to broaden its overall range of services and to reach new markets with both companies, independently carrying out Principal Contracts and sub-contracts with a combined estimated annual turnover of £45m.

Established for over 35 years, ACES’ brand and operations in delivering high quality M&E services will remain unchanged, with Managing Director Steve Sage continuing to lead the business and its smooth transition to work alongside Rainsford Contracts.

John Self, Chief Executive, Rainsford Contracts said “We’re delighted to have completed our deal with such a well-respected M&E business. Our investment in ACES will enable us to combine our strengths in delivering high quality construction services and ensure that ACES has a successful and sustainable future”.

Bryan Green, Chief Executive, Tnui Capital said “We are dedicated to supporting UK business to thrive and grow and will bring our wealth of experience in business strategy and business management advice to support ACES successes in the long term”.

Steve Sage, Managing Director, ACES said “This next step in ACES’ evolution will provide new and exciting prospects for our entire team. I am looking forward to working closely with Rainsford Contracts, to foster new opportunities and maintain our drive for service excellence in M&E services”