Electric Business

Belgian building materials group Etex has announced the sale of its roofing business to private equity investor Inflexion. Marley is a leading supplier of roofing tiles and components with 600 staff, five manufacturing sites and two distribution centres. It has annual revenues of more than £200m.

Engineering group IMI has agreed to buy US manufacturer PBM in a deal worth £70m. Based in Pennsylvania, PBM makes industrial valves and flow control products for the pharmaceutical and biotechnology, consumer products and chemical end-markets. It will join IMI's critical engineering division.

ClearCourse Partnership has acquired e-clinic, a patient and clinic management software provider. ClearCourse is a group of technology companies that provides solutions to the membership, events & bookings and sports & leisure centres. This is its 13th acquisition since its foundation in 2018.

Catering giant CH&Co has bought Gather & Gather and Creativevents from Mitie. The deal increases CH&Co's turnover by £137m, and will the two firms' catering contracts with Mitie continue under an exclusive partnership agreement. The businesses operate across 330 sites and have 3,600 employees.

Ambulance builder O&H Vehicle Technology has completed a management buyout from private equity owner Endless. Managing director Oliver North and entrepreneur Ken Davy have led the buyout, having worked together to grow fire fighting equipment supplier North Fire prior to its acquisition in 2014. O&H is responsible for the majority of ambulances on Yorkshire’s roads. In 2018, Yorkshire Ambulance Service (YAS) placed an order for over 300 new units.

Octopus Group has agreed to buy Bath-based wealthtech startup Seccl for £10m. Seccl is a cloud-based trading, settlement and custody administration platform for wealth managers and financial advisers. The firm currently has around £10m of assets on its platform and 300 customers.

inTec Business Solutions has acquired rival firm Cheshire Business Services (CBS) for an undisclosed sum. inTec's strategy is to acquire telecoms resellers and overlay technology capabilities to broaden its service offering. It is partnered with the Northern Powerhouse Investment Fund and receives acquisition funding from the Manchester branch of BOOST&Co.

Football fans have called for an inquest into the English Football League after two clubs have come close to extinction in two days. Bury FC has been expelled from the Football League after failing to find a buyer, with Bolton Wanderers FC close to following suit but for a last minute takeover by Football Ventures (Whites) saving it from liquidation. Last December, Steve Dale purchased Bury for just £1 from Stewart Day, who had left the club with huge debts, primarily on its ground which had been remortgaged several times. Despite their financial troubles, Bury went on to secure a remarkable

The owners of Springhill Care Group have sold the firm to PrimeLife, causing nine redundancies at its head office. Springhill is a provider of nursing, residential, rehabilitation, dementia and day care for adults in Bristol and Lancashire. The deal includes the sale of the freehold of two former Springhill care homes to AEW UK Real Return Fund for £11.5m. PrimeLife is a UK-wide provider of health and social care services that operates more than 60 purpose built care homes.

East Yorkshire forecourt retailer Sewell On The Go has bought six of its rented sites from Rix Petroleum. The £10m deal means Sewell Group now owns all 13 of its forecourts and convenience stores in Hull and the East Riding of Yorkshire, serving more than four million customers a year.