29th June 2015
Dow Schofield Watts Transaction Services provides financial due diligence on Primary Capital Partners’ maiden investment for its Manchester office.
Led by Iain Wolstenholme, Primary’s investment provides a profitable exit for Maven Capital Partners, which invested an initial £2.5m in 2007.
Since its launch in 1998, MSIS has grown to become an independent and trusted adviser to the offshore oil and gas sector and onshore industrial sectors, offering an increasing range of specialist skills, equipment and services. The company which employs 80 people has a proven track-record in specialist cleaning, waste management and market-leading best practice. Over the last two years, the rapidly expanding company has made substantial investment in equipment and facilities at its bases in Invergordon and Aberdeen.
Chief Executive, Chris Lloyd and Managing Director, Ian McPherson will remain to lead the management team who will own 30% of the business.
Chris Lloyd said: “This strategic deal for MSIS will help us accelerate our growth ambitions and opens up new opportunities for our employees. The management team looks forward to working closely with Primary to build upon our strong platform to extend our services and market reach”.