Aliter Capital LP backed Edwin James Holdings (EJH) announced that the group had made the bolt-on acquisition of automated process and machine control systems provider WT Parker last month, so what can we expect from the new addition to the business?
Combined revenues for the Scottish engineering group have now soared to around £110m, with the number of workers now amounting to just fewer than 1000 here in the UK. The drive from Aliter to expand and make the most of £92 million worth of funding has been clear, and the group is making its mark in regards to focusing on the UK support services sector.
The CEO of WT Parker is Sean Smyth, and he has expressed his delight after finding the right partner to help the business to build on its previous success and expand into the market. WT Parkerâs track record is excellent in the industry, and Smyth believes that this is the perfect time to move forward and grow with the help of Aliter.
Billy Allan, a Managing Partner at Aliter, has commented, The acquisitions of WT Parker and EJH are the first steps in our plan to create a national technical services business and we have identified a number of additional businesses to bring complimentary capabilities to this platform as we move forward. This demonstrates how Aliter provides investment advisory services and hands on operational support based on real life experience in order to help management teams develop their businesses and achieve transformational growth.
Greig Brown, a Partner at Aliter, has added. WT Parker is an excellent business and a great fit for EJH. In addition to sharing a similair product range, it offers a commitment to customer service, engineering excellence, people development and health & safety. These qualities are critical for a successful business in the sector.
Brown is very much looking forward to working with Sean Smyth and the rest of his team at WT Parker, and it appears that great times are ahead for all parties involved!
