Eight Advisory supported Synova Capital on its acquisition of Mecsia

Eight Advisory supported Synova Capital on its acquisition of Mecsia

The Eight Advisory UK team provided buyside financial and tax due diligence to Synova Capital on its acquisition of Mecsia, a leading national provider of compliance-led, technical inspection and maintenance services.

Mescia has grown strongly, both organically and through strategic acquisitions, with a vision to transform the technical services inspection and maintenance industry. The Company’s approach of “Local Service, National Reach” allows the Business to deliver the highest levels of customer service at the local level whilst also providing the benefits of scale that come from a truly national organisation.

Mecsia generates revenues of more than £100m and is growing sales organically at more than 25%, with the Company employing over 400 specialist engineers nationally to service its clients’ needs. Synova will support Mecsia’s ambitious growth strategy, which is focused on continuing to win market share by delivering the highest level of service to clients, supplemented by strategic acquisitions which expand the Group’s technical service capabilities.

“We are delighted to have secured the support of Synova, who we see as the ideal partner for the next leg of our journey. This investment will allow us to accelerate our plans for further innovation and expansion of our services and to continue to deliver the highest quality experience for our clients. Synova’s deep knowledge of the sector and ability to source and execute acquisitions will help drive the expansion of our technical services geographically and by competency as Mecsia continues its expansion plans”, said Jon Coiley, CEO of Mecsia

“We are delighted to be partnering with Jon and his management team for the next chapter in the Mecsia growth story. To date the team have delivered market leading performance with unparalleled client service. We look forward to supporting Mecsia’s continued vision to transform the technical service market”, commented Oliver Bevan, Partner at Synova.

 

Eight Advisory team members supporting on this transaction:

  • Financial Due Diligence: Rupert Templeman, Partner, Will Doyle, Director, Dan Howling, Senior Manager and Sixtine De Menthon, Senior
  • Tax Due Diligence: Dean Lake, Partner, Mike Hackley Senior Manager and Max Muhona, Senior

Rupert

Templeman

Partner

Transaction Services

Eight Advisory London

Dean

Lake

Partner

Tax

Eight Advisory London

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