Sentio Partners has advised the shareholders of HVAC, mechanical and electrical engineering specialist Environmental Engineering on its sale to SPIE SA.
Manchester-based Environmental Engineering Ltd (“EE”) and its subsidiary MSS Clean Technology Ltd (“MSS”), together a £19m turnover Group has been acquired by SPIE, the independent European leader in electrical and mechanical engineering, HVAC services and energy and communication systems, thus strengthening SPIE’s presence in the food, beverage and pharmaceutical sectors.
EE specialises in HVAC, mechanical and electrical engineering services within the food and beverage industry whilst its subsidiary MSS specialises in the design, installation and commissioning of clean technology systems for laboratories and other controlled environments within the pharmaceutical and related sectors.
EE joins SPIE UK’s Industrial Services division, adding further mechanical capability to SPIE UK’s already strong multi-technical services offering. With offices in Manchester and York, the acquisition further enhances SPIE UK’s presence in Northern and Central England.
Steven Nanda, SPIE UK’s Industrial Services Managing Director, commented: “We continuously search for solutions that benefit our customers and enhance our service offering, as we look to further strengthen our inherent values of sustainability, efficiency and positive environmental performance. In these areas, EE’s culture and technological expertise complement us perfectly and their experience in complicated and regulated environments will be a great asset to the SPIE business.”
Guy Fishwick, co-founder of EE alongside Paul Scurrah, added: “Since EE was established 25 years ago, we have put great emphasis on our growth and development. Today represents the next exciting move and we are thrilled that it will be with a business as well respected as SPIE.”
Andrew Barlow and Dave Irwin of Sentio advised the EE shareholders on the transaction.
“Finding a strategic acquirer within which EE could continue its growth was crucial for the shareholders. SPIE represents the ideal partner to enable EE to maximise its future potential, with the business providing SPIE with a strong platform for growth into the food and pharmaceutical sectors” added Andrew Barlow.
