Clearwater International advises NMC Group on its sale to GRITIT
Clearwater International has advised NMC Group Ltd (NMC), a surfacing, engineering and external environment maintenance business, on its sale to winter maintenance provider, GRITIT, a portfolio company of Total Capital Partners (Total Capital).
NMC’s service lines includes carpark surfacing, drainage, civil engineering, surveying, line marking and specialist coatings. Its high-profile customers are spread across numerous sectors including, retail, industrial, commercial, healthcare and education.
The business provides nationwide service coverage, operating from three regional depots in Doncaster, Stevenage and Edinburgh, complementing GRITIT’s existing regional presence. Both companies operate highly flexible, agile and asset light operating models. The complementary customer bases present a compelling opportunity for cross-selling across the rapidly expanding group.
GRITIT, is a winter services compliance and grounds maintenance company delivering winter gritting, snow clearance, grounds maintenance and civil engineering solutions to commercial properties across the UK. Headquartered in Leatherhead, Surrey, and with locations throughout the UK, GRITIT services around 7,500 sites across the UK. Its client base includes some of the UK’s leading property, facilities management, retail and infrastructure companies.
With this transaction, the combined business will have the opportunity to strengthen and extend its current service offering across its national territories to support its growth trajectory.
Adviser to NMC Group on its sale to GRITITView more