Prefequity builds on its success as it exits WPI Group

WPI Group is a long-established provider of groundworks and road surfacing to housebuilders in North West England.

Formed in 1979, the company has built a reputation throughout the construction industry for excellence in groundworks and surfacing with first-class service levels. Continuous development of the workforce underpins high levels of professional skill, coupled with a strong health and safety culture.  

In 2018 Prefequity provided a long-term investment to finance the acquisition of a controlling stake in WPI Group. Over almost six years of Prefequity’s involvement, management has continued to build on the company’s longstanding relationships with clients, maintaining healthy levels of profitability in a challenging market environment, and securing a strong pipeline of new sites. The exit was achieved via a refinancing.

Nick Petrusic, Senior Partner at Prefequity and a board member of WPI, commented: “We are delighted with the performance of our investment in WPI. It’s further evidence of our ability to deliver attractive double-digit returns to investors with downside protection by identifying first-class businesses and backing them with robust capital structures”.
 
Prefequity is an independent firm that invests in lower middle-market firms across the UK by providing capital solutions to support their growth plans and strategic transactions. In particular, it offers ambitious owner-managers a non-controlling and less dilutive alternative to private equity.