We look for established businesses providing essential services that customers rely on, where the work is driven by regulation, standards or contract. These are businesses where demand recurs, customer relationships run for years and the foundations are in place for further growth – typically built by their owners over many years and now approaching a change of ownership.
The business
Specialist services delivered on site, from inspection and testing to installation, maintenance and remediation. An established B2B customer base with repeat demand, and a skilled team with the accreditations the work requires.
The economics
A consistent record of profitability and good cash conversion, recurring or contract-led revenue, and low capital expenditure requirements.