Inflexion acquires Marston Group from Gresham

This is Gresham's second exit this year, following on from the sale of fluid management solutions provider Olaer Group to US-based Parker Hannifin in April.

Previous funding
Gresham backed the £12m management buyout of Drakes Group, an enforcement business, in 2002. The GP invested £7.6m in return for a substantial minority of the newco's equity. Drakes acquired John Marston & Co in 2008; the enlarged entity was then renamed Marston Group. The company saw its profits quadruple under Gresham's ownership.

Company
Marston provides bailiffs and parking enforcement services, primarily for local government and magistrates' courts. It undertakes in excess of 600,000 instructions each year and specialises in recovery of criminal fines, High Court writs, writs of possession, council tax liability orders, Child Support Agency liability orders and road traffic debts.

People
Ken Lawrence led the exit for Gresham. Gareth Hughes is CEO of Marston.

Advisers
Vendor – Dow Schoffield Watts (Corporate finance).

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