Prefequity completes investment in WPI Group
WPI Group is a long-established provider of civil engineering, groundwork and surfacing services to housebuilders in North West England.
Established in 1979, the company benefits from deep market experience and embedded relationships with blue-chip housebuilders and construction firms. As one of the region’s largest civil engineering businesses, it has a reputation for high-quality on-time delivery of groundworks and detailed knowledge of local ground conditions. Delivering a consistently excellent service has allowed the business to build a healthy pipeline of housing developments with large regional housebuilders.
Nick Petrusic, Senior Partner at Prefequity who will join the board, commented: “We are delighted to have added WPI Group to our portfolio. Led by a strong and established management team, the company has developed a robust business enjoying longstanding relationships with leading housebuilders. We are looking forward to working alongside Steven and Michael Igoe as they continue to lead the company’s delivery of high-quality services to its customers. Our investment is confirmation that UK businesses offer attractive opportunities for long-term investors that seek to back successful management teams”.
Prefequity is an independent private-capital group that invests in UK lower middle-market firms by providing debt-based capital to support growth and strategic transactions such as acquisitions, refinancings and shareholder realignments.