Wed, 12 Apr 2023 | BUSINESS SALE
Private equity firm HIG Capital has acquired two technical building services businesses and will use the double acquisition to create a new group. Meesons Futures Ltd and Synecore Ltd will be merged with existing HIG portfolio firms CPS and Classic Lifts to form a group of technical services providers: Andwis Group.
Andwis is set to grow through future M&A activity across the mechanical and electrical (M&E) and lifts service lines, with acquisitions expected in fire protection, compliance services and access and security.
Meesons, which was formed in 1864 and is based in Skipton, is a provider of physical security and entrance control systems for critical national infrastructure, as well as clients in the corporate, data centre and leisure sectors. Synecore is based in Sittingbourne and provides electrical, air conditioning, refrigeration and HVAC services to clients across commercial, retail, hospitality and leisure.
Andwis chair Jonathan Simpson-Dent said: "We are deeply committed to equipping our clients with safe, sustainable buildings that protect people and productivity. The creation of the Andwis Group marks a major milestone as we bring four industry-leading and complementary specialist networks together with an exciting pipeline of acquisition opportunities.”
"This is the start of an exciting journey as we continue to build and expand the Andwis Group into a truly unique multi-service offering, delivered through direct best-in-class networks."
HIG Capital managing director John Harper added: "The strong growth and reputations of these businesses are coming together to create a leading provider of critical technical building services. The Andwis Group will be able to provide a competitive offering in a sector that has significant long-term growth opportunities driven by decarbonisation, changing regulation, new technology, and ageing building stock."
Read about growing through M&A with private equity funding.
Find businesses for sale here.
If you are looking for an exit, we can help!
A thriving CCTV and business technology provider in the North West is experiencing a surge in demand for its specialised services.
This company is a leader in distributing cutting-edge test and measurement products, boasting high client retention and a skilled team eager to remain post-sale. With significant growth potential through sector expansion and enhanced marketing.
This is a rare chance to acquire a thriving recruitment agency with a solid reputation in East Sussex.
01
|
May
|
McCann and Partners undergoes an MBO | MBO/MBI
A team of five directors at South Wales engineering and buil...
30
|
Apr
|
Human Magic conjures up Australian acquisition | BUSINESS SALE
Liverpool-based employer brand agency, which is behind creat...
30
|
Apr
|
LRG makes its biggest acquisition ever with Chancellors move | BUSINESS SALE
Property services firm Leaders Romans Group (LRG) has made i...
29
|
Jun
|
Media Square considers sale options | BUSINESS SALE
Marketing services firm Media Square is considering its opti...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.