Hercules Expands into Energy with Advantage NRG Acquisition
Deal News | Jun 27, 2025 | Business Cloud
Hercules, a tech-enabled labour supply company based in Gloucester, has acquired Advantage NRG, a specialist labour supply company located in Lancashire, for £15.7 million. This acquisition marks Hercules' entry into the power and energy sector, aligning with the UK's increasing demand for skilled labor in this field driven by commitments to net-zero carbon emissions. The deal, comprising an initial £10.2 million cash consideration with a deferred payment and an earn-out, expands Hercules' workforce with an additional 155 skilled linesmen. Advantage NRG's expertise in overhead electrical transmission complements Hercules' growth strategy, facilitating the UK's energy infrastructure transformation. Hercules is listed on the London Stock Exchange with a market cap of £35.38 million.
Sectors
- Labour Supply
- Energy & Power Infrastructure
Geography
- United Kingdom – Hercules and Advantage NRG are both based in the UK and the acquisition is geared towards supporting the UK's energy infrastructure development efforts.
Industry
- Labour Supply – Hercules and Advantage NRG operate within the labour supply sector, providing skilled workers, specifically in the energy infrastructure domain.
- Energy & Power Infrastructure – Advantage NRG specializes in providing skilled labour for the construction and maintenance of overhead electrical transmission lines, which is part of the energy and power infrastructure industry.
Financials
- £15.7 million – Total acquisition price paid by Hercules for Advantage NRG.
- £10.2 million – Initial cash consideration paid by Hercules in the acquisition.
- £1.5 million – Deferred payment as part of the total acquisition cost.
- 44.44p – Share price of Hercules on the London Stock Exchange.
- £35.38 million – Market capitalization of Hercules on the London Stock Exchange.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hercules | Bidding Company | Company | A tech-enabled labour supply company based in Gloucester, with a focus on workforce solutions for various sectors. |
| Advantage NRG | Target Company | Company | A Lancashire-based company providing skilled labour for overhead electrical transmission projects. |
| Brusk Korkmaz | CEO of Hercules | People | CEO of Hercules, overseeing strategic growth and acquisitions. |