Hercules acquires line worker supplier

Construction labour supplier Hercules has acquired Advantage NRG Ltd.

AIM-listed Hercules has acquired Advantage NRG to move into the expanding power and energy sector.

Advantage NRG is a specialist labour supply company providing line workers for the construction and maintenance of overhead electrical transmission lines, supporting major utility contractors across the UK.

Hercules has paid an initial £10.2m in cash, plus a deferred payment of approximately £1.5m plus a one year earn out, which could result in a maximum total consideration of £15.7m.

The initial consideration is being financed through existing cash reserves and a new £6m loan provided by Wasdell Holdings, which is controlled by Martin Tedham, a non-executive director and substantial shareholder in Hercules.

Established in 2011 and headquartered in Chorley, Lancashire, Advantage NRG has approximately 155 operatives. In the year to 28th February 2025, it generated £11.1m in revenue, EBITDA of £1.7m, and a profit before tax of £1.7m. As of 28th February 2025, Advantage NRG had net assets of £2.5m.

This is Hercules' third acquisition, following Future Build Recruitment in November 2023 and the business and assets of QTT in June 2025.