Background

Edwin James was Aliter’s first investment – made just after our fund launch in 2017.

Edwin James operates five key businesses: Midlands-based PEME; Staffordshire-based WT Parker Group; Musk, in Derbyshire; Ingen Technical Services, in Central Scotland; and Korrie, which is based in Inverness. Together they provide a broad range of technical services to customers throughout the UK.

Ingen and Korrie were part of Edwin James when we made our initial investment.

How we’ve helped

Shortly afterwards, in April 2017, we funded Edwin James’s acquisition of WT Parker, a family-owned mechanical, electrical and process engineering business with an established blue-chip customer base, principally in the Midlands.

Parker has deep expertise in providing engineering support to the public and private sectors, particularly in the manufacturing, food and retail industries; as well as a growing facilities support services operation. Following our investment, the family owners of WT Parker exited the business completely.

Towards the end of 2017, in November, Edwin James acquired PEME, an outsourced reliability maintenance services company that provides electrical and mechanical plant and asset maintenance to large UK and European manufacturers.

These acquisitions have expanded Edwin James’s geographical footprint and created a business with combined revenues of c.£140m and just under 1,000 staff. As a national technical services provider, Edwin James is able to offer an impressive range of service offerings, with mechanical, electrical, energy and process engineering capabilities delivered through a highly skilled direct workforce covering the whole of the UK.

Strategy

In all of the businesses, the focus is on helping customers develop, manage and maintain their critical technical environments and assets.

Aliter’s partners have a wealth of experience in technical services and our goal is now to build a major new national player in the sector. To help realise that ambition, we recruited a new CEO in November 2017. Derek Smith has broad experience in the sector and has worked with a number of the Aliter team at Stiell, McAlpine and ASCO. More recently, he was CEO of Ramco, the Aberdeen oil and gas services business.

I’ve worked with a number of private equity firms – so I really do know that the team at Aliter are different. They’ve been on our side of the fence, they understand the real challenges of growing a business and they bring a wealth of sector experience and contacts to the table.”

Derek Smith, CEO, Edwin James

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