2nd September 2019
“The quality and depth of the advice during early engagement set Dow Schofield Watts apart from its competitors. We established a strong relationship working very closely with the team in the planning stages. This proved to be a key factor throughout the transaction process as we faced diligence challenges. We felt incredibly well represented with Dow Schofield Watts consistently working towards the interest of the shareholders. They managed the process professionally, skilfully navigating the various challenges for rapid resolutions, ensuring best outcome to our transaction. We would be unhesitant in recommending the services of Dow Schofield Watts.”
– Michael Thomas, co-founder of Peak42.
Peak42 has been acquired by Edwin James Group, a leading engineering services business operating across the UK. Keith Benson and Dan Walker of Dow Schofield Watts advised the shareholders of Peak42, with additional advice provided by Simon Denye of Dow Schofield Watts Tax Consulting
Edwin James Group has a UK-wide workforce of over 1,000 employees, located across the UK. Headquartered in Glasgow, the group was established by investment firm Aliter Capital in 2017. Following a series of high-profile acquisitions, the group has implemented an ambitious growth strategy which has seen it rationalise several key businesses into two distinct service offerings: technical services and process services.
The acquisition of Peak42 closely follows Edwin James Group’s recent purchase of Jex Engineering, now Jex Process Services, furthering the group’s ambitions to become a market-leading and sustainable engineering services operator.
Derek Smith, CEO of Edwin James Group, said: “Peak42 has successfully established itself as a key player in the industry and its services complement those of our existing business, making it a strong addition to the Process Services part of Edwin James Group.
“The Process Services side of the business is a key pillar of growth for Edwin James Group and we’re pleased to welcome Peak42’s valuable expertise and resource to our business. As we have demonstrated, we are sharply focused on the sustained development of our group and this includes the ongoing development of our people, expanding our geographic reach and increasing our work within critical engineering environments.”
The senior management team at Peak42 will remain at the forefront of the business and will work closely with the Edwin James leadership team to ensure its smooth and efficient integration into the group.
Michael Thomas, Director of Peak42, said: “This is a positive milestone for the growth of our business and thanks to its impressive reputation, Edwin James Group is well-placed to help us achieve our goals and reach our potential. This acquisition marks a new and exciting chapter at Peak42 and we are looking forward to working as part of the group.”