Westbridge-backed Survey Solutions, a leading provider of engineering surveying and monitoring services, has acquired SurvaTec, an Essex-based utility surveying specialist.
Dow Schofield Watts once again provided corporate finance advice to Survey Solutions and is acting as retained M&A adviser to the company.
The Dow Schofield Watts team comprised Paul Herriott, Jonathan Wilkinson, Harry Martin, and Roger Esler.
The deal marks the second acquisition since undergoing a management buyout in December 2023, which was backed by private equity firm WestBridge. In October 2024, Survey Solutions entered the rail sector with the acquisition of JWG Survey & Engineering.
Established in 2004, SurvaTec has grown to become a leading player in the provision of land surveys, utility mapping and specialist geospatial solutions across the UK.
Survey Solutions has experienced impressive growth in recent years and now has 14 regional offices and 200 employees, most of whom are specialist surveyors. Clients include Thames Water, Transport for London, Aecom, Jacobs, Balfour Beatty and Kier.
Ben Shearman, Managing Director at SurvaTec, who will remain with the business following the acquisition, said: “I’m proud of the exceptional team we have at SurvaTec who consistently deliver excellent service to our clients in the commercial and private sectors. They have been instrumental in building our reputation over the past 20 years. This partnership marks an exciting new chapter and I’m looking forward to the opportunities that being part of a larger group will present”.
David Lowe, CEO of Survey Solutions, said: “SurvaTec has grown to become a well-regarded business, and our respective clients will benefit from an even wider range of services delivered by highly skilled engineers. There were clear synergies with SurvaTec from the outset, and I’m looking forward to working together to continue delivering a market-leading service to our clients across the UK”.
Peter Barkley, Partner at WestBridge, said: “This acquisition marks another step in our buy-and-build strategy, strengthening Survey Solution’s position in the market and creating new growth opportunities. There are huge opportunities for organic and acquisitive growth, which we will continue to explore”.
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