Penningtons Manches Cooper advises Lucy Group on acquisition of Blakley Electrics Ltd
The corporate team at Penningtons Manches Cooper has advised Lucy Group on its acquisition of Blakley Electrics Ltd, a UK market leader in power distribution systems and industrial lighting equipment.
This strategic acquisition strengthens Lucy Group’s position in the power and industrial lighting sectors, broadening the range of services provided to its customers.
Established in 1957, Blakley Electrics specialises in the design and manufacture of permanent and temporary LV power distribution equipment, protection products, site lighting, and transformers. The company operates manufacturing facilities in Crayford, Kent, and Harlow, Essex, drawing on more than 50 years’ experience in specialist sheet metal fabrication and the electrical assembly of distribution, protection and transformer products. An engineering centre is also located at the Harlow site.
The Penningtons Manches Cooper team advising Lucy Group was led by corporate partner Will Axtell, with support from senior associate Danielle Broadhead. The wider team included commercial managing associate Edmund Forey, senior associate Nora Pook, and associate Tom Perkins, corporate tax senior associate Leonie Langley and partner Kathy Potter, pensions senior associate Clare Coley and partner Alison Hills, real estate senior associate Ben Madden, and employment senior associate Luke Shaw and associate Lucas Grinstead.
Madeline Laxton, executive director and company secretary at Lucy Group, said:
“Blakley Electrics is a good fit, bringing complementary products to the Group and widening our customer base to include sectors such as construction, rail, military and outdoor events. I’d like to thank Will Axtell and the team at Penningtons Manches Cooper for their trusted advice and valued partnership throughout the acquisition process, helping deliver this important milestone for Lucy Group.”
Will Axtell, partner at Penningtons Manches Cooper, added:
“We are delighted to have supported Lucy Group on this acquisition, which represents a significant step in its strategy to build and diversify its offering in the power distribution and industrial lighting sectors. It’s been a pleasure working with the Lucy Group team, and we wish them every success as they integrate Blakley Electrics and pursue their growth ambitions. This transaction underscores Penningtons Manches Cooper’s continued strength in advising on strategic mergers and acquisitions across industrial and engineering sectors, delivering practical legal counsel on complex M&A deals.”