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New Deal


Announced

Total Capital Partners invested in GRITIT.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For40%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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ground maintenance

Maintenance Repair and Overhaul (MRO)

winter services

Friendly

United Kingdom

Private

Private Equity

Acquisition

Minority

Synopsis

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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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