Announced
Financials
Tags
ground maintenance
Maintenance Repair and Overhaul (MRO)
winter services
Friendly
United Kingdom
Private
Private Equity
Acquisition
Minority
Synopsis
Total Capital Partners acquired a 40% minority stake in a winter services and grounds maintenance company that provides gritting and snow clearance services to commercial properties across the UK. Financial terms were not disclosed. “GRITIT is an exciting, high growth business that is at the forefront of technology development in its sector. Applying its technological leading edge, it will continue to take winter services market share and continue its expansion into grounds maintenance and landscaping. With a robust capital structure from Total Capital to take the business forward, the busine ss is now very well-placed to increase its market share and capitalise on exciting acquisition opportunities, some of which we have already identified.” Paul Brown, Total Capital Partners Partner.
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