LDC-backed environmental specialist’s acquisition strengthens market position

Private-equity backed Stonbury has acquired Panton McLeod, known for its expertise in the inspection and cleaning of water assets.

Stonbury, which is backed by LDC, works with UK water companies and environmental agencies to provide low-carbon solutions for asset maintenance, making the acquisition a step in bolstering the firm’s presence in the water and environment sectors.

David Bains, partner and head of East Midlands and East of England at LDC said, “The addition of Panton McLeod further enhances Stonbury’s reputation as a leading critical infrastructure services business. It also bolsters the business’ expertise in supporting the water and environment industries to mitigate the impacts of climate change.”

Panton McLeod’s team of 50 will now join Stonbury’s 350 team to serve the UK water and environment sectors.

Stonbury received guidance from Howes Percival and Browne Jacobson for legal matters, and RSM for financial aspects.

Panton McLeod were advised N4 Partners and MBM Commercial on the legals, with financial guidance provided by Douglas Home & Co.

Trevor Hoyle, CEO of Stonbury, said, “We are delighted to have brought such a well-respected, technology-enabled business into the Stonbury fold. We thank Jim Panton and his team for choosing us as their partners and wish them all a very warm welcome. Our clients can now look forward to a complete end-to-end solution to their water asset needs across the whole of the UK.”