7th November 2018
A team of specialist lawyers at Walker Morris has advised Total Capital Partners on its investment in GRITIT, a winter services and grounds maintenance company that provides gritting and snow clearance services to commercial properties across the UK.
GRITIT has its headquarters in Leatherhead, Surrey and is a national provider with locations throughout the UK. GRITIT services around 4,500 commercial properties across the UK and its client base includes property and facilities management companies as well as direct customers. Gritting and snow clearance are critical requirements for many commercial properties and as a result the £350 million winter services market is growing rapidly.
GRITIT is at the forefront of technological development in the industry, having developed high-tech deployment software that uses accurate meteorological data to automatically launch operational services according to localised weather and ground conditions.
John Hamer led the Walker Morris Team supported by Luke Riley and Frances Scarisbrick (Corporate), Andrew Maclean (Real Estate), Lee Crook (Commercial), Alan Harper (Intellectual Property), Ruth Bamforth (Pensions) and Rachel Turnbull (Regulatory).
Paul Brown, Total Capital Partners commented:
“GRITIT is an exciting, high growth business that is at the forefront of technology development in its sector. Applying its technological leading edge, it will continue to take winter services market share and continue its expansion into grounds maintenance and landscaping. With a robust capital structure from Total Capital to take the business forward, the business is now very well-placed to increase its market share and capitalise on exciting acquisition opportunities, some of which we have already identified.”
John Hamer, Walker Morris, added:
“We are pleased to have been able to assist Total Capital Partners on this latest transaction having previously advised on its investment in Walkers Transport last year. GRITIT is a successful and growing business and the investment from Total Capital Partners will help to accelerate GRITIT’s future growth strategy.”