McDermott Advises On The Acquisition And Financing Of px Group, A Leading UK Infrastructure Solutions Business - McDermott Will & Emery

McDermott Advises On The Acquisition And Financing Of px Group, A Leading UK Infrastructure Solutions Business


McDermott Will & Emery advised the Aksiom Services Group, a partnership between Ara Partners and Aksiom Group, and management on the acquisition and financing of px Group (px) from Bluewater Private Equity, a specialist international private equity firm focused on the middle-market energy sector.

Based in Stockton, UK, px Group is an integrated infrastructure solutions provider. The Company manages complex energy and industrial assets and provides complementary services across energy management, engineering and consultancy. Additionally, the Company owns the Saltend Chemicals Park (“Saltend”), a 370-acre industrial center in the UK’s Humber Region. Saltend is home to several world-class chemicals and renewable energy businesses, is a partner in Equinor’s flagship hydrogen project, H2H Saltend, and will host Pensana’s materials processing facility producing key elements for the renewables sector. px Group is led by Chief Executive Officer, Geoff Holmes.

The Aksiom Group, based in Dublin, identifies, acquires, and develops high-potential technical services companies and differentiated asset-based strategies across the European infrastructure sector. Aksiom’s founders, Christopher Picotte and Luis Pais Correia have been shareholders and the Chairman (since 2013) and a board director (since 2014), respectively, of px through several stages of its recent growth.

Ara Partners is a private equity firm specializing in industrial decarbonization investments. Ara Partners invests in the industrial & manufacturing, chemicals & materials, energy efficiency & green fuels and food & agriculture sectors, seeking to build businesses that are focused on sustainability and ESG principles.

The McDermott team was led by finance partner Aymen Mahmoud and supported by partners Tom Whelan, Andrea Hamilton, James Ross and Paul McGrath. Counsel Arvin Abraham and associates Nick Jupp, Rosie Mist, Antonina Nijran, Rosemary McSwiney, Sophie Wood with trainees Ryan Clarke and Simon Margesson, all advised.

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