Aliter-backed Edwin James Group makes a fifth acquisition

National engineering services business announces bolt-on acquisition further adding to the Group’s process services division

Edwin James Group (“EJG”), backed by Aliter Capital LLP (“Aliter”) today announced the successful completion of its fifth investment, Peak42 Limited (“Peak42”).  This announcement comes two weeks after the acquisition of Jex Engineering.

Peak42 specialises in control and automation technology with core expertise in system integration, consultancy and performance management, with strong and established relationships with several high-profile manufacturing and infrastructure clients, and some of the UK’s leading brands in food and beverage.

Peak 42 has offices in Daresbury (Cheshire), as well as expert teams in Chesterfield, Newcastle and Reading, strengthening Edwin James Group’s presence across the UK and aligning with Edwin James Group’s strategy to bring together leading engineering businesses, to create a national operator and secure long-term growth.

EJG is a pre-eminent engineering services business operating throughout the UK and delivers technical and process services to some of the world’s best-known brands. Over the last two years, the Group has successfully harnessed the synergies of the constituent businesses to offer a complete range of technical and process engineering services, covering the full lifecycle of assets.

EJG has a presence throughout the UK, with offices in Inverness, Thurso, Elgin, Glasgow, Burton-on-Trent, Preston, Louth, Manchester, Mildenhall, Redditch, Swadlincote and Peterborough. It employs more than 1,000 talented staff across the UK.

Michael Thomas, Managing Director of Peak42 said: “The acquisition by EJG will provide structure and greater scope for growth for our team, thanks to the Group’s national reach and respected position in the market. After working closely, on this deal, with the team at EJG, I can see that we share similar core values including a commitment to high quality service. The Group is dedicated to providing growth opportunities to all staff and we look forward to working towards the same vision.”

Derek Smith, CEO of EJG said: “We are delighted with the acquisition of Peak42. We have been focussing on opportunities that will bring organic and sustainable growth. We look forward to harnessing the synergies across the Group’s services as we continue to build a market leading, national operator. EJG is always working to increase market share, develop new and existing client relationships and encouraging cross-selling throughout the group. This acquisition continues to take us in this direction.”

Billy Allan, Managing Partner of Aliter and Chairman of EJG said: “We are pleased with another successful business acquisition for EJG. The Group has been successfully making sustainable growth across the board. The addition of Peak42 will continue to strengthen the Group’s market share and development.”

Aliter Capital announced the close of its specialist support services fund (Aliter Capital I, LP) in February 2017. Founded by a group of seasoned support services entrepreneurs and investors – Billy Allan, Greig Brown, Andy Galloway and Andrew Busby –and focuses on small and mid-sized businesses in the UK support services sector, a market valued at over £300 billion. Its approach differs from traditional private equity models by making only a limited number of selective portfolio investments to deliver dedicated hands-on support. Aliter has now closed a total of 14 transactions since the beginning of 2017.

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