A corporate team from Addleshaw Goddard has advised NVM Private Equity on its £11.6m investment to support the buyout of Knowsley Contractors (trading as King Construction).
Founded in 2002, King Construction is a busy civil engineering and construction company with a workforce of 220 in five locations. The company primarily focuses on the maintenance and repair of the highway and utility infrastructure network within England and Wales for clients including Liverpool City Council and United Utilities.
Located in the key regions across the UK, NVM Private Equity's team specialise in management buy-outs and growth investment in businesses that are led by high quality management teams and will utilise its knowledge and first-hand experience of supporting businesses to help guide King Construction in its next phase of growth as it continues to work with its clients on the ongoing requirement to modernise the national infrastructure.
George Danczak, Managing Associate at Addleshaw Goddard, comments: "This deal is a great example of how growing businesses, like King Construction, can benefit not just from the capital provided by a Private Equity investment, but also from the business knowledge companies like NVM can offer to help accelerate their business."
The Addleshaw Goddard team was led by Paul Medlicott, George Danczak and James Finney.