Sale of Prolectric Services Limited
to Hill & Smith Holdings PLC

Deal typeM&A & Private Equity
IndustryBusiness Services
Sub-industrySupport services

BDO has acted as lead advisor to the shareholders of Prolectric Services Limited (“Prolectric”) on its sale to Hill & Smith Holdings PLC. Prolectric is a UK market leader in off-grid renewable energy solutions. It offers a range of remotely monitored lighting and security products which are field proven in rail, road and other niche infrastructure applications. The technology also enables customers to measure the reduction in CO2 emissions versus diesel product alternatives. The business benefits from the ongoing transition from fossil fuels to zero-carbon technology and the need to reduce noise pollution, driven by government legislation and customer demands.  

Over the last few years, Prolectric has grown rapidly as the demand for ‘clean tech’ spreads throughout the economy, where its niche products have established themselves as true alternatives to traditional technology with significant advantages to the end user in terms of cost, labour and maintenance. Hill & Smith Holdings PLC is an international group providing sustainable infrastructure and safe transport solutions.

"I would like to thank Satvir and the BDO team for advising the Prolectric shareholders on this strategic transaction.  The shareholders first worked with the same BDO team in 2016 when they delivered a fantastic result for us exiting a grounds maintenance business. Once again, as our lead M&A adviser, BDO delivered on their commitments and ran a very professional sale process utilising their specialist skills and sector experience. BDO’s marketing documents were first class that demonstrated a strong understanding of our unique business model and the key commercial considerations. You will get a first class service from a team that really cares about identifying the right buyer for the business and getting the best price. Their thorough and proactive approach handling complex business issues in a professional manner enabled us to work closely with them throughout the transaction process and, despite this challenging landscape, their input was invaluable and has resulted in a deal that the shareholders are extremely happy with. I would have no hesitation in recommending BDO to anyone considering selling their business."

Chris Williams, Managing Director and Majority Shareholder, Prolectric Services Limited