TDR Capital has agreed to acquire OCU Group from Triton Partners in a deal valued at approximately £2 billion ($2.6 billion). OCU, a provider of design, engineering, construction, and maintenance services for critical energy infrastructure, generated £1.2 billion in revenue during the year to April 2026, up from £295 million four years prior. Under Triton's ownership since 2022, the company made 18 acquisitions and expanded into Australia and New Zealand, growing its order book to over £4 billion. The enterprise serves power transmission, renewable generation, water services, and digital infrastructure markets with a workforce of over 2,500 employees globally. TDR Capital plans to leverage its experience in internationalizing and professionalizing regional assets to accelerate OCU's transformation into a global player. Both parties emphasized the strategic fit amid ongoing infrastructure modernization and energy transition demands. The transaction requires customary regulatory approvals and must meet standard closing conditions.
Lazard served as exclusive financial adviser and White & Case as legal adviser to Triton during the process.
Source: PE Hub · Summarized by HeadlinesBriefing