Total Resources UK | April 2019
Deal Value: circa £8m
Private equity firm Mercia Fund Managers backed the buy-in management buyout of Total Resources UK Limited by investing nearly £8m – its largest single transaction to date. Freeman Fisher advised the sellers and management team who remain the driving force behind the planned expansion to its depot network, with the hope to create up to 100 jobs.
Total Resources are a leading UK company in the provision of temporary traffic management services to guide the travelling public and commercial traffic through road work situations such as road surfacing, marking, maintenance and construction. Primarily based in Boldon in South Tyneside, but with depots in Gateshead, Haydock, Leeds, Kidderminster, Mansfield and Essex, the company has witnessed significant growth over the last 5 years and hopes to continue this trend with the support of Mercia. Les Thompson, CEO commented “We have exciting growth plans for the business and are looking forward to working with Mercia to put them into place. The investment will enable Total Resources to become a major force in the highways sector with depots nationwide.”
Contact Freeman Fisher’s Corporate team to discuss management buyouts and management buy-ins and other corporate purchases or exit strategies.