The electrical and industrial distribution platform is on the market through Miles Advisory, which is likely to pitch the restructured business to trade buyers.
, private equity outfit Adamantem Capital is placing the electrical and industrial distribution platform play up for sale, bringing on Miles Advisory to pitch the restructured business to trade buyers.
. That purchase was meant to position Legend to capitalise on the growth in work in high-voltage transmission as governments across the country spend up to secure the energy grid during the transition of renewable energy.Joe Armao That business is expected to have annual earnings of some $25 million off revenues of around $100 million. Sources close to discussions about a transaction said it was trade buyers who were most expected to be interested in acquiring the company.Even without the high-voltage business, Miles is likely to focus on the tailwinds of increasing electrification and the expanding size of the power network over the next two decades.