
Aliter's Edwin James Holdings bolts on WT Parker
Aliter Capital-backed Scottish engineering group Edwin James Holdings (EJH) has acquired electrical and engineering business WT Parker Group for an undisclosed amount.
The acquisition expands EJH's business in the UK Midlands in order to create a national technical services business. EJH will have combined revenues of around £110m and total headcount of around 1,000. WT Parker CEO Sean Smyth will lead the business and Aliter's Billy Allan and Greig Brown will join the board.
The bolt-on deal was financed by Aliter's recently closed maiden fund, Aliter Capital I, which reached a hard-cap of £92m in February 2017. The deal is the third investment made with capital drawn from the GP's £92m maiden fund after the acquisition of UK-based Complete Asset Life Management Group (Calm).
Company
Founded in 1922 and based in Burton on Trent, WT Parker is a provider of mechanical, electrical and process engineering services for the public and private sectors – it focuses particularly on the manufacturing, food and retail industries.
People
Aliter Capital – Billy Allan (managing partner); Greig Brown (partner).
WT Parker Group – Sean Smyth (CEO).
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