Rockpool-backed MECSIA Group completes acquisition of Artic Building Services
Rockpool backed Mecsia Group has completed the acquisition of Artic Building Services (“Artic”), broadening the company’s reach into the healthcare and education sectors.
Mecsia provides regulated mechanical and electrical maintenance, testing and compliance services to the UK commercial property market.
Mecsia is one of the fastest growing technical services businesses in the UK and continues to pursue a healthy pipeline of strategic acquisition opportunities as revenues surpass £100m.
Artic offers core mechanical and electrical maintenance services, primarily to the healthcare, education and commercial property markets, with deep relationships across the NHS and several leading universities. Artic management, led by joint Managing Directors Colin Trowell and Paul Lucas, will continue in their existing roles as part of the Mecsia Group.
The acquisition was supported by additional equity funding from Rockpool and senior loan funding from incumbent lender, Virgin Money.
“The acquisition of Artic brings considerable in-house engineering expertise and new customer relationships to Mecsia, further strengthening our credentials in both the healthcare and education sectors. Artic’s customer base will benefit from Mecsia’s national presence and broad portfolio of technical services. We are pleased to have completed Mecsia’s third strategic acquisition and extend a very warm welcome to our new colleagues at Artic.”
Jon Coiley, CEO of MECSIA
Tom Coey (Investment Director) and Simon Collins (Investment Manager) led the deal for Rockpool. Rockpool Investments is a private equity firm dedicated to creating opportunities for high net worth individuals and family offices to invest in private companies. Rockpool provides equity and loan financing of between £5m and £15m to profitable UK based companies and has invested over £650m since inception in 2012.
Rockpool and Mecsia were advised by Taylor Wessing LLP (legal) and PKF Corporate Finance (financial and tax due diligence). Virgin Money was advised by CMS Law (legal). Artic was advised by Menzies (corporate finance and tax) and Spencer West (legal).
For more information on this investment click here.
