Telford surveying company snapped up by national firm
Telford-based mobile mapping, 3D modelling and geomatic surveying company, Severn Partnership, has been bought by construction and infrastructure firm Munnelly Group.
The acquisition of Severn Partnership is the eighth acquisition for the Munnelly Group. Severn Partnership will be governed by the Munnelly Group board of directors but will operate as a separate company within the group.
Phil Munnelly, group CEO, said: “The services provided by Severn Partnership align, compliment, and enhance the services already provided by the Group and its subsidiaries. The ability to be able to integrate Severn Partnership into our existing offering is exciting and transformational, it will provide our customers and projects with an incomparable service. This acquisition further demonstrates the Groups commitment to providing our clients with technology and data led solutions that promotes superior project planning and delivery.”
Mark Combes and Nick Blenkarn of Severn Partnership,said: “Severn Partnership joining Munnelly Group PLC provides the organisation with the opportunity to grow and expand on a new scale. We believe that the support, ethos, and existing services provided by the Group will only further enhance and develop our services and create new and exciting opportunities within existing and new industries. We look forward to working closely with the other subsidiaries and creating something revolutionary within our sectors.”
Gareth Brewerton, Munnelly Group general counsel and head of M&A, said: “Severn Partnership joining the Munnelly Group further cements our position of being leaders within the construction and infrastructure sectors. We are delighted that Nick and Mark agreed to sell to us. The additional of the Severn Partnership to our group will further enable us to deliver technology and data driven insights across the built environment”.
Munnelly Group was advised by partner Alasdair Outhwaite and senior associate Matthew Judge of the Manchester office of international law firm DWF Law with financial due diligence, tax and transactional support provided by leading audit, tax and consulting firm RSM led by James Wild and James Jarvis.
Anne Scheland led the team at solicitors Hillyer McKeown who provided legal advice to the sellers with Bernadette Wilson of accountants Crowe UK providing financial advice.
Carbon Corporate Finance advised the shareholders of Severn Partnership.
