ARA Finds Value In Another Financially Troubled Business
The ARA Group has had considerable success in turning around financially troubled companies.
With a history of acquisitions and a reputation for finding value in troubled businesses, the ARA Group welcomes high voltage company ‘Poles & Underground’ to the team.
Poles & Underground was established in 2007 and provides design, construction and installation services to overhead and underground electrical infrastructure.
Poles & Underground went into voluntary administration in November 2016. ARA worked with the administrator and extracted value from the business by acquiring projects, equipment and continuing the employment for 27 staff. ARA was able to seamlessly transition the acquired projects and continued operations for the benefit of the customers.
Poles & Underground will join ARA’s existing high voltage team within the ARA Electrical Division, complementing our existing capabilities and increasing our skilled workforce.