Contollo Acquires Engineering Services Partnership to Boost Growth Strategy
Deal News | Jan 08, 2025 | FM Business Daily
Contollo Group, a burgeoning building consultancy, announced its acquisition of Engineering Services Partnership (ESP) Ltd as part of its strategic growth plan. This marks its fourth acquisition this year, following the inclusion of firms like Abacus, MBA, and TACE, thus expanding its workforce to over 160 employees. Backed by private equity firm NorthEdge, Contollo's acquisition of ESP, a company renowned for its engineering services across diverse sectors such as banking, data centers, and commercial, seeks to harness the synergy of their combined expertise. Contollo CEO Ruth Percival expressed enthusiasm about the partnership with ESP, highlighting its forward-thinking approach and prestigious client base. Further acquisitions are anticipated in 2025 to bolster Contollo's presence in the built environment sector. The transaction was supported by multiple advisory services, including Alvarez & Marsal and Cowgills.
Sectors
- Engineering Services
- Construction and Building Consultancy
- Private Equity
Geography
- United Kingdom – Both Contollo Group and ESP operate within the UK, and the acquisition targets expansion across the UK.
Industry
- Engineering Services – ESP Ltd is a company specializing in Mechanical, Electrical, and Public Health (MEP) Engineering services, making this relevant.
- Construction and Building Consultancy – Contollo Group is a building consultancy focused on expanding its operations in the built environment.
- Private Equity – NorthEdge, a private equity firm, backs Contollo, playing a crucial role in its acquisition strategy.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Contollo Group | Bidding Company/Buyer | Company | A building consultancy firm focused on smart building solutions and consulting services. |
| Engineering Services Partnership (ESP) Ltd | Target Company | Company | A company specializing in MEP engineering services, with a strong presence in various sectors. |
| NorthEdge | Private Equity Backer | Company | A private equity firm providing financial support to Contollo's acquisition strategy. |
| Langtons | Finance Advisory | Other | Provided finance advisory for the acquisition. |
| Chiara Pettinicchio | Client-side Deal Support | Person | Provided client-side deal support for Contollo. |
| Alvarez & Marsal Manchester | Corporate Finance Advisory and Project Management | Other | Provided corporate finance advisory and project management for Contollo. |
| Cowgills | Finance and Tax Due Diligence | Other | Conducted finance and tax due diligence for the Contollo-ESP deal. |
| Mills & Reeve | Legal Support | Other | Provided legal support for Contollo in the acquisition. |
| James Cowper Kreston (JCK) | Advisor for ESP | Other | Acted for ESP in the transaction. |
| Blandy & Blandy | Advisor for ESP | Other | Acted for ESP in the transaction. |