LDC invests in engineering consultancy Patrick Parsons

The funding will also enable the company to pursue further nationwide expansion.

Patrick Parsons has expanded via the acquisition of six businesses over the last five years, most recently bolting on London-based JSA in 2015, Guildford-based Stilwell in 2016 and Manchester-based BCM in 2017.

As part of the deal, the business has appointed Robert Horvath, non-executive chairperson at Bardsley Construction Group and formerly non-executive director at Robertson Group, as non-executive chairperson.

A spokesperson for LDC declined to comment on the deal valuation.

Company
Headquartered in Newcastle and founded in 1964, Patrick Parsons is an engineering consulting business specialising in the civil; mechanical and electrical; structural; and geo-environmental disciplines. It serves clients in the residential, commercial and infrastructure sectors, and also offers building consultancy, project management and planning services. The business employs 250 engineers and generates a turnover of £18m, according to a statement issued by LDC.

THDA is headquartered in Birmingham and specialises in the design of civil engineering infrastructure for schemes including major highways, roads, earthworks modelling and flood risk assessments.

People
LDC – John Garner (director); Ben Snow (investment director); Zara Lane (investment origination).
Patrick Parsons – Peter Stienlet (managing director).

Advisers
Equity – BDO (corporate finance); Muckle (legal); KPMG (financial due diligence); CIL, Sebastian Chambers, James de la Salle (commercial due diligence).
Company – Cavu Corporate Finance (corporate finance); Mincoffs Solicitors (legal).

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• Topics
• Expansion
• UK / Ireland
• Support services
• United Kingdom
• LDC
• Build-up