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Announced

Completed

Renew Holdings completed the acquisition of Enisca Group for £15.6m.

Financials

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Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Majority

water energy

Friendly

Private

Single Bidder

Specialty Contracting

environmental engineering

Domestic

Acquisition

Completed

Synopsis

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Renew Holdings, an engineering services group supporting the maintenance and renewal of critical UK infrastructure, completed the acquisition of Enisca Group, a multi-disciplinary engineering business operating in the water and environmental sector with headquarters in Cookstown, Northern Ireland, for £15.6m. "This acquisition broadens Renew's exposure to the UK water market and is consistent with our stated strategic objectives. Enisca is a highly regarded business with a strong track record and is well known to Renew having been a joint venture partner of Browne since the start of AMP6 in 2015. Our existing multidisciplinary water capability, complemented by the inclusion of Enisca will significantly enhance Renew's proposition ahead of AMP8 procurement in 2024. I am delighted to welcome the management and staff of Enisca to the Renew family," Paul Scott, Renew CEO.

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