M&A Deal Summary

Airedale Group Acquires Flowrite Services

On January 13, 2020, Airedale Group acquired business services company Flowrite Services from Foresight Private Equity

Acquisition Highlights
  • This is Airedale Group’s 1st transaction in the Business Services sector.
  • This is Airedale Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2020-01-13
Target Flowrite Services
Sector Business Services
Buyer(s) Airedale Group
Sellers(s) Foresight Private Equity
Deal Type Add-on Acquisition

Target

Flowrite Services

Maidstone, United Kingdom
Flowrite Services is a refrigeration and air conditioning service, maintenance, and installation company, specializing in the leisure sector across the UK. Flowrite Services was founded in 1992 and is based in Maidstone, United Kingdom.

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Buyer(S) 1

Buyer

Airedale Group

Bradford, United Kingdom

Category Company
Founded 1986
Sector Business Services
Employees650
DESCRIPTION

Airedale Group provides a full suite of services for customers including design, manufacturing of bespoke stainless steel products, build and fit-out, and servicing of equipment. Airedale Group was established in 1986 and is based in Bradford, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Foresight Private Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Foresight Group LLP (Formerly VCF Partners)


DEAL STATS #
Overall 20 of 61
Sector: Business Services M&A 3 of 9
Type: Add-on Acquisition M&A Deals 13 of 34
Country: United Kingdom M&A 19 of 59
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Beam

Bristol, United Kingdom

Beam is an independent provider of hydrographic surveys and adaptive ROV solutions. Beam also engages in the application of 3D vision and Artificial Intelligence in the subsea survey. Beam's mission is to provide an individual, client-centric ROV and hydrographic service, coupled with cutting edge research that has the potential to change the face of the industry. Beam was founded in 2015 and is based in Bristol, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Signature Property Finance

Cardiff, United Kingdom

Signature Property Finance is a principal lender providing short term property finance to property developers, landlords, limited companies and investors. Signature Property Finance is based in Cardiff, United Kingdom.

Buy -