Walker Morris Team advises Total Capital-backed GRITIT on acquisition of NMC GroupPrint news article
Unique acquisition doubles the size of the business creating a £50m market-leading external infrastructure compliance business
A multi-disciplinary team of legal specialists from Walker Morris has advised Total Capital Partners’ portfolio company, GRITIT, on its acquisition of NMC Group Ltd.
The acquisition of the Doncaster-based surfacing, engineering and external environment maintenance businesses will double the size of the GRITIT Group to create a £50m market-leading provider of external infrastructure compliance services.
GRITIT, is a winter services compliance and grounds maintenance company delivering winter gritting, snow clearance, grounds maintenance and civil engineering solutions to commercial properties across the UK. Headquartered in Leatherhead, Surrey, and with locations throughout the UK, GRITIT services around 7,500 sites across the UK. Its impressive and rapidly growing client base includes some of the UK’s leading property, facilities management, retail and infrastructure companies.
John Hamer and Marianne McKeown, (both from Corporate), led the Walker Morris team with support from Catherine Raftery and Ricky Walker (Banking & Finance).
Commenting on the deal John Hamer said:
“GRITIT operates in a growing market sector. This latest acquisition will provide both companies with complementary client bases and cross-selling opportunities on a national basis.
“Having advised Total Capital Partners on its original investment in GRITIT, we’ve been delighted to advise on the acquisition of NMC, which will help to accelerate GRITIT’s future growth strategy.”
Jason Petsch, CEO of GRITIT, commented:
“The acquisition of NMC is a fantastic opportunity and a significant milestone in our clearly focussed strategy which is: to create a Group offering clients end-to-end, integrated and technology-enabled solutions to their external infrastructure compliance and maintenance needs. The NMC team, ably led by Haroon Rashid, is excellent – highly professional, ambitious and energised. GRITIT is excited to be working with them to further drive the growth of the business and we look forward to welcoming our new colleagues.”
Mark Buttler, Partner at Total Capital Partners said:
“The acquisition of NMC is a game-changer for GRITIT, both in terms of scale and service offering. GRITIT and NMC have each demonstrated impressive growth in recent years. Putting the two together is transformational and creates a genuinely new market-leader. We are very proud of what the team at GRITIT has achieved in such a short period of time and we look forward to continuing the journey with them and the NMC team.”