BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Water engineering firm acquired at 5.3x multiple

Water engineering firm acquired at 5.3x multiple

Fri, 26 Mar 2021 | BUSINESS SALE

Water engineering firm acquired at 5.3x multiple

Water engineering services company J Browne Group has been acquired by Renew Holdings for £29.5 million, a more than 5.3x multiple of its £5.5 million pre-tax profits. The acquisition was funded through a combination of cash and Renew’s existing revolving credit facility with Natwest and HSBC.

Enfield-based J Browne operates throughout the South of England, working for the likes of Southern Water, Thames Water, South East Water and Affinity Water. It provides both infrastructure and non-infrastructure services and also provides utility connections and infrastructure for the London and Home Counties developer market.

Following the water sector’s transition to a five-year price control period, J Browne has forecast that its turnover will fall to £63.3 million for the year ending March 31 2021. The company’s £5.5 million pre-tax profits for the year ending March 31 2020 were generated on revenue of £79.2 million.

Renew says that the acquisition will be an excellent strategic fit that will immediately improve group earnings. It adds that J Browne will deliver material scale to the group’s water business and bring new water clients in.

Renew Chief Executive Paul Scott said: "This acquisition broadens Renew's exposure to the UK water market and is consistent with our strategic objectives. This market offers attractive long-term growth opportunities underpinned by committed regulatory spend and is a sector we understand well from our established relationships in other water regions.”

Jeremy Browne, Chairman of J Browne, commented: “It was critical for us to have an owner who shares the values that have contributed to our success and one which has demonstrated the necessary expertise to support our growth ambitions.”

"The Renew business model and strategy fits perfectly with these aspirations and I believe the J Browne brand will continue to flourish alongside the many other highly respected Renew subsidiary businesses."


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Roofing Contractor Specialising in Slating & Leadwork
UK Wide

The company is a multi-award-winning roofing contractor specialising in natural slate, leadwork and roof restoration projects. The company primarily completes historic restorations and also carries out commercial and domestic work. The quality of...

Asking Price: Offers Invited
Turnover: £1,200,000

LEASEHOLD


Provider of Data Cabling & Network Infrastructure
UK Wide

The company designs, installs, maintains and supports structured cabling; local area and wireless networks; CCTV and access control systems; and telephony and internet services. Operating nationally, the company caters to a diverse client base that i...

Asking Price: Offers Invited
Turnover: £3,500,000

FREEHOLD


Chinese Takeaway
South East, UK

A long-established business which has been owned and operated by the owners for in excess of 12 years. The premises is well presented throughout, with quality fixtures, fittings and equipment included within the sale price.

Asking Price: Offers Invited
Turnover: £416,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
30
 
Jan
 

Bakery manufacturer acquired at 6.3x underlying earnings | BUSINESS SALE

Bakery firm Lees Foods has been acquired by listed bakery bu...

 
30
 
Jan
 

“Unique” intellectual property for sale as disability equipment firm enters by liquidation | ADMINISTRATION

The assets and intellectual property of disability equipment...

 
27
 
Jan
 

Administrators to sell assets as office furniture maker collapses | ADMINISTRATION

Bluespot Furniture, a West Yorkshire-based furniture manufac...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
29
 
Nov
 

Water and environmental firm acquired at nearly 14x profits | BUSINESS SALE

Enisca, a multi-disciplinary engineering firm operating in t...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.