London / Manchester (England), 4 August 2022
Founded in 1994 by Tim and Tom O’Connor, OCU has a workforce of over 2,000 employees and contractors across the UK and delivered revenues of c. £300m over the last financial year. Working directly with national network operators, OCU offers a range of specialist technical solutions and capabilities in utility, civil, mechanical, and electrical engineering, alongside expert competencies in network design and project management.
Triton sees OCU as well positioned in its core markets and with long-term growth potential backed by multiple underlying trends, like the broader energy transition. Services is one of Triton’s core sectors, with the firm having invested in services companies for more than 20 years across Europe. This includes providers of specialty installation services, railway, energy, communications technology, and technical building services.
Triton intends to support OCU’s strategy to further grow its core businesses, and to pursue investments in non-regulated opportunities, as the UK economy increasingly focuses on renewable power as part of the country’s energy transition.