Edwin James Group has received a secondary investment from funds under management by private equity firm Aliter Capital LLP (Aliter). The significant deal will support the Group’s ambitious growth plans.
The engineering services group helps some of the biggest brands in the UK look after their critical environments and assets. Aliter’s initial investment in January 2017 was followed by five acquisitions. The Group employs over 1,000 people and has revenues of £160m.
Commenting on the deal, Christopher Kehoe, CEO of Edwin James Group, said: “The Group has grown considerably over the last five years and this further backing from Aliter demonstrates their commitment to our strategic plan. We’ve built a successful partnership and have a shared understanding of the market and our ambitions.
“The new funding backs our management team to deliver significant future growth that will be achieved organically and through further M&A, and gives us a platform to launch our next five-year strategy.”
Over the last twelve months, the company has seen an increase in revenue to £160m. Several high-profile contract wins, including Sellafield and Northumbrian Water, and significant growth in the forward order book from £155m to £800m puts the organisation in a favourable position to continue delivering robust results.
Billy Allan, managing partner of Aliter, said: “Over the last five years we’ve seen the Edwin James Group go from strength to strength. The company has an excellent management team with a clear strategy to build a national engineering services group that harnesses the synergies of its three operating brands.
“They have delivered consistent growth and have ambitious plans to take the Group forward. Aliter is excited to continue the relationship and our new investment will support further expansion through an innovation-led and disruptive approach to the market.”
Edwin James Group is expanding its data and technology capabilities to help companies manage and deliver sustainability, digital and energy transition.
About Aliter
Aliter Capital LLP is a specialist UK support services investor founded by a group of seasoned support services entrepreneurs and investors – Billy Allan, Greig Brown, Andy Galloway and Andrew Busby – and focuses on small and medium-sized businesses in the UK support services sector, a market valued at over £300 billion. Its approach differs from traditional private equity models by making only a limited number of selective portfolio investments to deliver dedicated hands-on support. Aliter has funds under management of more than £215 million and has now closed a total of 21 transactions since the beginning of 2017.
About Edwin James Group
The group offers a complete range of services, including asset care, asset renewal mechanical, electrical, renewable, energy and process engineering, in addition to complex systems integration and digitalisation to support industry 4.0.
Edwin James Group operates three brands, Musk Process Services, Parker Technical Services and Peak Technology Solutions. It operates offices and service centres in Glasgow, Aberdeen, Inverness, Birmingham, Manchester, Warrington, Whitehaven, Burton on Trent, Swadlincote, Louth, Newcastle, Peterborough, Daresbury, Tapton, Reading and Mildenhall.
