Clearwater International advises WestBridge on its investment in Survey Solutions
Clearwater International has advised WestBridge on its investment in Survey Solutions, a leading provider of engineering surveying and monitoring services.
Established in 1997, Survey Solutions has experienced impressive growth to become a national company with 14 regional offices and 160 full time employees, most of whom are specialist surveyors. The business has also expanded its service offering to clients, adding capabilities such as drone surveying and hydrographics.
Survey Solutions provides land, building, underground and site surveys, along with a range of support services covering the lifecycle of a development. Working predominantly with housebuilders, contractors, architects, engineering consultants, agents and asset owners, the business works on projects in a diverse range of sectors, including infrastructure, agriculture, defence, transport, energy, retail, leisure, healthcare, education, heritage, and commercial and residential construction. It has a broad range of clients including Thames Water, Transport for London, Aecom, Jacobs, Balfour Beatty and Kier.
The transaction provides an exit for RJD Partners and Survey Solutions founder James Cooper, and sees WestBridge taking a majority stake in the business. Debt funding for the buyout was provided by alternative finance provider, ThinCats.
Clearwater International provided WestBridge with M&A and Debt Advisory support.