Highways products firm in the fast lane with PE investment deal

Hull-based WJ Group, a supplier of road markings and specialist highway products and services, has received a majority investment from THI Investments, a long-term pan-European private equity company.

Formed in 1987 by current managing director, Wayne Johnston, WJ’s customer base includes Highways England, Transport for Scotland, Transport for London and multiple Local Authorities and Tier 1 contractors.

Having experienced organic growth, driven by investment in new products and vehicles including alongside historical strategic acquisitions, this new deal will allow the firm to continue to provide high quality services and make further investments in innovation, technology and expansion in the UK and European markets.

Wayne Johnston, group managing director at WJ Group, said: “We are excited to welcome THI as our new investment partner to support our business as it enters the next phase of growth.

“THI’s permanent capital, ability to take a long-term view and operational experience including in the automotive sector make it the perfect partner to support WJ Group’s future development.”

Clearwater International advised WJ on the investment partnership. The team consisted of partner Paul Jones, associate director Zack Goddard, senior associate Andrew Hatch, and executive Courtney Walker.

Debt advisory support was provided by managing partner Mark Taylor and director David Grassby.

Jones said:”As the industry moves towards preparing roads for autonomous vehicles, the need for high-quality road markings will become increasingly important.

“Through its partnership with THI, the Group is exceptionally well positioned to deliver further sustainable growth and increase its technical service offering.”