Stourbridge Water Direct Limited has been acquired by FGS Agri Limited
September 2014 — Keith and Nicola Silcock, founders of Stourbridge Water Direct Limited (Water Direct), have sold the company to FGS Agri Limited for an undisclosed consideration.
Water Direct has been the preferred provider of alternative drinking water supplies and emergency water to many of the United Kingdom’s water utilities and commercial clients for over a decade. The company has become the country’s leading bulk water supplier to many construction companies and festival organizers.
FGS Agri Limited is a UK-based agricultural contractor offering farm management, agricultural civils, utility contracting and organics recycling. Commenting on the acquistion, Trevor Heathcote, Chairman of FGS Agri said: “We are delighted with the acquisition of Water Direct which strengthens FGS Agri’s existing water operation within the South East and expands our geographical coverage with depots in Essex, Surrey and Derbyshire. We look forward to working with Water Direct customers and developing the business in years to come.”
Keith Silcock said: “We are excited by the opportunities this creates to continue the growth and development of the focused Water Direct services within a much larger and diverse organization. The fit with FGS Agri is highly complementary and will provide additional benefits to our client base.”
Our role in the transaction
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Talk to the deal team
Related deals
De Groot Installatiegroep has acquired a stake in Pesch Electrotechniek
De Groot Installatiegroep has acquired a stake in Pesch Electrotechniek, a specialist in industrial electrical installations and electrical engineering services based in Rozenburg, the Netherlands. Through the acquisition of Pesch, De Groot Installatiegroep enters the industrial electrical installation market and establishes a presence in the Rotterdam port region. For Pesch, the partnership provides access to the resources, capabilities and broader technical expertise of a larger installation group, while allowing the company to build on its existing customer relationships and specialist market position.
Learn moreValuation advisory has been provided to a co-investor in VDK
EMK Capital has transferred VDK Groep B.V. from EMK Capital Partners Fund I into the newly established US$1.4 billion single-asset continuation fund, the EMK VDK Partnership Fund, alongside a co-investment from EMK Capital Partners Fund III. The transaction, co-led by LGT Capital Partners and Coller EQT, provides existing investors with the opportunity to retain their exposure to VDK while securing additional capital to support the company’s continued growth and buy-and-build strategy.
Learn moreVeremark has completed a secondary share sale
Veremark, the global workplace trust company, has completed an employee and early investor secondary share sale, on the London Stock Exchange’s (LSE) Private Securities Market (PSM), valuing the company at over US$133 million in enterprise value. Crowdcube, Europe’s leading private market liquidity platform, managed the transaction.
Learn more