£78m water specialist lines up acquisition spree after fresh LDC investment

Browne Jacobson has advised LDC on its reinvestment into Stonbury, the water and environmental sustainability specialist, alongside new minority co-investor Federated Hermes.

The private equity investor, part of Lloyds Banking Group, first backed Stonbury in December 2022. Since then, the business has grown revenue by 74 per cent to £78m and increased headcount from 281 to 443 people across 10 locations.

Stonbury delivers low-carbon solutions to maintain, repair and refurbish critical ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...