Hercules follows strong performance with £15m-plus takeover

After a first six months of 2025 which saw Cotswold-headquartered Hercules PLC grow turnover by 18 per cent to £54.6m, the firm has revealed further growth with a major takeover.

A firm followed by The Raikes Journal as part of its Top 100 Businesses in Gloucestershire series has revealed it’s set for more growth after a multi million pound takeover - made possible by another Gloucestershire firm.

Hercules, the Cotswolds-based supplier of skilled and semi-skilled workers for major infrastructure construction projects, has bought Advantage NRG Ltd for a consideration of up to £15.7 million.

The Preston-headquartered firm provides skilled staff to major utility contractors to work on overhead powerlines, refurbishing, upgrading, dismantling and constructing high voltage transmission systems.

It is a deal that is expected to add millions of pounds more to the turnover of its Cirencester-based owner, with the Lancashire businesses turning over £11.1 million for the year ending February 28 2025, with pre-tax profits of £1.7 million.

Paul Wheatcroft, Hercules’ chief financial officer, said: “This acquisition is a transformational step for Hercules. It not only gives us …