M&A Deal Summary

Sureserve Group Acquires Sure Maintenance

On September 14, 2015, Sureserve Group acquired consumer services company Sure Maintenance from Graphite Capital for 9M GBP

Acquisition Highlights
  • This is Sureserve Group’s 1st transaction in the Consumer Services sector.
  • This is Sureserve Group’s 0th largest (disclosed) transaction.
  • This is Sureserve Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2015-09-14
Target Sure Maintenance
Sector Consumer Services
Buyer(s) Sureserve Group
Sellers(s) Graphite Capital
Deal Type Add-on Acquisition
Deal Value 9M GBP

Target

Sure Maintenance

West Midlands, United Kingdom
Sure Maintenance Ltd. is engaged primarily in providing gas servicing, maintenance and installations to social housing clients in the North of England and Midlands.

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Buyer(S) 1

Buyer

Sureserve Group

Dartford, United Kingdom

Category Company
Founded 1988
Sector Energy Services and Equipment
Employees2,299
Revenue 274M GBP (2022)
DESCRIPTION

Sureserve Group is an energy and compliance services provider to the social housing sector in the United Kingdom specialises in the provision of inspection, compliance, maintenance, and installation services in the areas of heating, insulation, and renewable energy. Sureserve Group was founded in 1988 and is based in Dartford, United Kingdom.


DEAL STATS #
Overall 1 of 3
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (United Kingdom) 1 of 3
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Vinshire Gas Services

Basildon, United Kingdom

Vinshire Gas Services is a heating services and installations company, providing services primarily for Housing Associations and Local Authorities across the East and West Midlands. The company further strengthens the Group’s gas compliance offering and complements Aaron Services' activities delivering gas compliance services to social housing clients across the Midlands. It has offices in Derby and West Bromwich, and a workforce of around 100 employees will be supported by David Lummis and Aaron Services’ Management Team that will offer direction and guidance in the coming months. Vinshire is based in Basildon, United Kingdom.

Buy -

Seller(S) 1

SELLER

Graphite Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 1.2B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Graphite Capital is a private equity firm that seeks mid-market investments in the UK. Target sectors include retail and consumer, manufacturing, services and distribution, financial services, healthcare, leisure, and property. The Firm looks for transactions valued from £30 to £150 million. Prospective transaction situations typically include management buyouts/buy-ins of corporate spin-offs or privately held companies. The Firm also considers roll-outs and consolidation strategies. Graphite Capital was originally formed in 1981 and became independent in 2001. Graphite is based in London.


DEAL STATS #
Overall 55 of 68
Sector (Consumer Services) 6 of 7
Type (Add-on Acquisition) 7 of 15
Country (United Kingdom) 53 of 65
Year (2015) 4 of 4
Size (of disclosed) 24 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 The Groucho Club

London, United Kingdom

The Groucho Club offers its loyal membership base access to world-class hospitality in a relaxed environment, including three bars, two restaurants, and accommodation. It is renowned for its high-quality membership from areas such as film, media, the arts and politics. Since Matt Hobbs joined the Group as CEO in 2010, the Club has been substantially redesigned and fully refurbished across all areas, including an upgrade of accommodation, modernisation of the dining areas and the addition of a terrace. The Groucho Club was formed in 1985 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 Aero Technics

West Sussex, United Kingdom

Aero Technics is a civil aircraft maintenance firm. Aero Technics is based in West Sussex, United Kingdom.

Buy -