Investment Summary

Meridian Equity Exits IWJS

On March 28, 2019, M Group Services invested in business services company IWJS from Meridian Equity

Investment Highlights
  • This is M Group Services’ 2nd transaction in the Business Services sector.
  • This is M Group Services’ 4th transaction in the United Kingdom.

Investment Summary

Date 2019-03-28
Target IWJS
Sector Business Services
Investor(s) M Group Services
Sellers(s) Meridian Equity
Deal Type Add-on Acquisition

Target

IWJS

Suffolk, United Kingdom
IWJS is a provider of wastewater network services to the water, transport, and environmental sectors. IWJS extensive service offering includes sewer and drainage maintenance and rehabilitation, lining and patch repair, jetting and cleansing, and CCTV investigation. IWJS is based in Suffolk, United Kingdom.

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Investor(S) 1

Investor

M Group Services

Stevenage, United Kingdom

Category Company
Founded 1847
Sector Utilities
DESCRIPTION

M Group Services is a service provider to the regulated infrastructure markets in the UK and Ireland through its utilities, transport, telecom, and data divisions. The Company operates through its subsidiaries that include Morrison Utility Services, Morrison Data Services, Dyer & Butler, Magdalene, PMP Utilities and M Group Services Plant & Fleet Solutions. M Group Services was formed in 1847 and is based in Hertfordshire, England.


DEAL STATS #
Overall 4 of 6
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 5
Country: United Kingdom M&A 4 of 6
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 PMP Utilities

Burnley, United Kingdom

PMP Utilities is a provider of bespoke engineering in high risk confined spaces and via rope access to utilities, civil engineering, power generation and process industries. With over 30 years’ experience of safe working in high risk confined spaces and providing bespoke engineering solutions, we are regularly approached to find new and innovative solutions to difficult, ‘one-off’ mechanical problems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Antagrade Electrical

Cheshire, United Kingdom

Antagrade Electrical Ltd. is one of the UK’s major providers of specialist railway electrification infrastructure services including the design, installation, testing and commissioning of substations and track equipment that powers the rail network.

Buy -

Seller(S) 1

SELLER

Meridian Equity

London, United Kingdom

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Meridian Equity is a private equity firm focused on acquiring and investing in small UK-based companies. Meridian is self-funded and does not have any sector preferences. The Firm's target investment size is £500K to £5 million per transaction. Meridian Equity was established in 2003 and is based in London.


DEAL STATS #
Overall 5 of 5
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
Country: United Kingdom M&A 5 of 5
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Shaws of Darwen

Lancashire, United Kingdom

Shaws of Darwen provides maintenance/repair services to terracotta buildings, as well as manufacturing handcrafted fireclay sinks. Shaws of Darwen also specialized in the supply of bathroom furniture. Shaws of Darwen was founded in 1897 and is based in Lancashire, United Kingdom.

Sell -