Birmingham-based company finance agency Clearwater Worldwide has accomplished its second deal of the week, advising a number one provider of highway markings on a majority funding from a European personal fairness agency.
Clearwater suggested WJ Group on the money injection from THI Investments.
Shaped in 1987 by present managing director, Wayne Johnston, WJ is the UK’s main provider of highway markings and specialist freeway services, with a various buyer base together with Highways England, Transport for Scotland, Transport for London and a number of Native Authorities and Tier 1 contractors.
WJ has 9 key depots throughout the UK and a fleet of over 220 specialist autos, enabling it to serve each native and nationwide clients on the highest service stage.
The has seen speedy development pushed by funding in new merchandise and autos together with excessive efficiency highway marking supplies and environment friendly set up autos to ship unrivalled ranges of service. This has been supported by a large number of historic strategic acquisitions.
The funding partnership will permit WJ to proceed to supply prime quality providers and make additional investments in innovation, expertise and growth within the UK and European markets.
The Clearwater Worldwide group comprised accomplice Paul Jones, affiliate director Zack Goddard, senior affiliate Andrew Hatch, and govt Courtney Walker.
Debt advisory help was offered by managing accomplice Mark Taylor and director David Grassby.
Wayne Johnston mentioned: “We’re excited to welcome THI as our new funding accomplice to help our enterprise because it enters the following part of development. THI’s everlasting capital, capability to take a long-term view and operational expertise together with within the automotive sector make it the right accomplice to help WJ Group’s future growth.”
Paul Jones, accomplice, Clearwater Worldwide mentioned: “The necessity for high-quality highway markings and related providers is important for the protection of highway customers. WJ’s providers are a extremely cost-effective method of sustaining and dramatically bettering the protection of the community. Because the business strikes in direction of getting ready roads for autonomous autos, the necessity for high-quality highway markings will grow to be more and more essential.
“By means of its partnership with THI, the group is exceptionally nicely positioned to ship additional sustainable development and improve its technical service providing. We wish to want Wayne and the group all one of the best for WJ’s subsequent part of development.”
Earlier this week, Clearwater completed work advising private equity firm LDC on backing the merger of Lomond Capital and Linley & Simpson in a £100m transaction which can create a brand new nationwide lettings and property company group