Tech-enabled labour supply company Hercules has acquired Lancashire-based Advantage NRG for a fee of 拢15.7m.
Advantage NRG is a specialist labour supply company providing highly skilled linesmen for the construction and maintenance of overhead electrical transmission lines.
The move sees Hercules, headquartered in Gloucester, enter into the power and energy sector for the first time and benefit from Advantage鈥檚 155 strong workforce.
The business is also now in a prime position for the UK鈥檚 transformation of its electricity networks, driven by soaring demand and the government’s commitment to a net-zero future.
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Listed Hercules is acquiring 100% of the share capital of Advantage NRG for an initial cash consideration of 拢10.2m, plus a deferred payment of approximately 拢1.5m plus a one year earn out, which could result in a maximum total consideration of 拢15.7m.
This is the firm鈥檚 third acquisition, following Future Build Recruitment Ltd in November 2023 and the business and assets of QTT in June 2025.听
鈥淭he acquisition of Advantage NRG marks another important milestone in Hercules’ growth journey,鈥� said Brusk Korkmaz, CEO of Hercules.
鈥淎s the UK accelerates investment in critical power and energy infrastructure to ensure energy security, enhance transmission and distribution networks, and meet its net-zero targets, the demand for highly skilled labour has never been greater.
鈥淎dvantage NRG’s deep expertise in overhead electrical transmission, and its ability to source, train and mobilise specialist linesmen, both in the UK and internationally, perfectly complements our strategy.
鈥淲e believe this strategic investment will enable Hercules, the Hercules Academy and Advantage NRG to grow together and play a pivotal role in supporting the delivery of the UK’s essential energy infrastructure.鈥�
The business is listed on the London Stock Exchange and has a share price of 44.44p, with a market cap of 拢35.38m.