M&A Deal Summary

One Equity Partners, Buckthorn Partners and Souter Investments Limited Acquire Amey

On October 11, 2022, private equity firm One Equity Partners, private equity firm Buckthorn Partners and family office Souter Investments Limited acquired construction company Amey from Ferrovial SA

Acquisition Highlights
  • This is One Equity Partners’ 2nd, Buckthorn Partners’ 1st and Souter Investments Limited’s 2nd transaction in the Construction sector.
  • This is One Equity Partners’ 6th, Buckthorn Partners’ 4th and Souter Investments Limited’s 34th transaction in the United Kingdom.

M&A Deal Summary
Date 2022-10-11
Target Amey
Sector Construction
Buyer(s) One Equity Partners
Buckthorn Partners
Souter Investments Limited
Sellers(s) Ferrovial SA
Deal Type Divestiture

Target

Amey

London, United Kingdom
Amey is an infrastructure services and engineering company helping the economy to grow by designing, maintaining, and transforming the nation’s strategic assets. The company’s unique engineering and operations experience, together with data-driven insight from its consulting business, delivers better results for our clients. Amey is based in London, United Kingdom.

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Buyer(S) 3

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.

DEAL STATS #
Overall 118 of 131
Sector (Construction) 2 of 2
Type (Divestiture) 26 of 29
Country (United Kingdom) 6 of 8
Year (2022) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-27 Prime Time Healthcare

Elkhorn, Nebraska, United States

Prime Time Healthcare is a provider of contract-based healthcare professionals nationwide. The company specializes in the placement of RNs, LPNs, CNAs, and assorted therapy practitioners and professionals in facilities across all 50 states. It helps gather the highest-quality healthcare providers and connect them with facilities and patients to help provide top-quality care. Prime Time Healthcare was formed in 2012 and is based in Elkhorn, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 Mythics

Virginia Beach, Virginia, United States

Mythics is a public sector focused IT services firm, with business across federal and state, local and education segments. Mythics offers its customers software and hardware licenses, as well as related implementation, maintenance and support services. Mythics was founded in 2000 and is based in Virginia Beach, Virginia.

Buy -
Buyer

Buckthorn Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Buckthorn Partners LLP is a private investment group focused exclusively on investments in oil field service businesses. The Firm has a special interest in partnering with companies exposed to long-term growth trends and providing them industry experience, growth capital, and advice. Buckthorn Partners LLP is based in London.

DEAL STATS #
Overall 5 of 7
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 4 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Ashtead Technology

Westhill, United Kingdom

Ashtead Technology is a provider of subsea equipment and services to the offshore oil and gas industry with a strong customer base built on trust and quality. With offices in the UK, Houston, and Singapore, Ashtead is focused on delivering cost savings and value-added services to its customers. Ashtead Technology was founded in 1985 and is based in Westhill, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-10 Cardo Group

Cardiff, United Kingdom

Cardo Group has been formed to support social housing providers with their maintenance, compliance, retrofit and decarbonisation needs. Cardo Group was founded in 2023 and is based in Cardiff, United Kingdom.

Buy -
Buyer

Souter Investments Limited

Investor Investor Investor Investor Investor

Category Family Office
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.

DEAL STATS #
Overall 39 of 48
Sector (Construction) 2 of 3
Type (Divestiture) 5 of 6
Country (United Kingdom) 34 of 42
Year (2022) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Stone Group

Staffordshire, United Kingdom

Stone Group is a provider of Circular IT solutions for education institutions, as well as public and private sector organizations. Stone Group was founded in 1991 and is based in Staffordshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-19 Pelion

Glasgow, United Kingdom

Pelion is a global Internet of Things (IoT) connectivity platform, providing secure and scalable IoT connectivity for more than 500 enterprise customers. Pelion’s technology enables IoT devices to connect to the optimal cellular network and technology, orchestrated through a platform that allows customers to manage and control deployed devices. Pelion is based in Glasgow, United Kingdom.

Buy -

Seller(S) 1

SELLER

Ferrovial SA

Madrid, Spain
Category Company
Founded 1952
Sector Construction
DESCRIPTION

Grupo Ferrovial, S.A. operates as a construction company in Spain.

DEAL STATS #
Overall 5 of 5
Sector (Construction) 1 of 1
Type (Divestiture) 5 of 5
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Timec Oil & Gas

Pasadena, Texas, United States

Timec Oil & Gas provides the full spectrum of mechanical, specialty welding, high-temperature repair, and inspection (HRI), and upstream oil-field services through nested maintenance, turnaround, or construction services. Timec Oil & Gas was founded in 1971 and is based in Pasadena, Texas.

Sell -
Mergr

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