Tuesday 24th November 2020
Total Capital-backed GRITIT acquires NMC Group
Unique acquisition doubles the size of the business creating a £50m market-leading external infrastructure compliance business.
Total Capital Partners today announced that its portfolio company GRITIT has completed the acquisition of Doncaster-based surfacing, engineering and external environment maintenance business NMC Group Ltd (“NMC”). The unique and transformational acquisition of NMC doubles the size of the GRITIT Group and creates a £50m market-leading provider of external infrastructure compliance services.
This is the third acquisition by GRITIT since Total Capital Partners invested in November 2018. Mark Buttler and Paul Brown from Total Capital Partners led the deal process on behalf of GRITIT. Investec Bank provided debt funding to support the transaction.
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 impressive and rapidly growing client base includes some of the UK’s leading property, facilities management, retail and infrastructure companies.
Including gritting and snow clearance, GRITIT delivers mission-critical compliance solutions for commercial properties. GRITIT is acknowledged as being at the forefront of technological development in the industry, having developed high-tech deployment software that uses real-time meteorological and algorithmic data to automatically mobilise operatives and workforces on a demand-led basis, resulting in over 99% service levels.
NMC Group’s service lines include car-park 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. Like GRITIT, NMC 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.
Jason Petsch, CEO of GRITIT, commented: “The acquisition of NMC is a fantastic opportunity and a significant milestone in our clearly focussed strategy which is: to create a Group offering clients end-to-end, integrated and technology-enabled solutions to their external infrastructure compliance and maintenance needs. The NMC team, ably led by Haroon Rashid, is excellent – highly professional, ambitious and energised. GRITIT is excited to be working with them to further drive the growth of the business and we look forward to welcoming our new colleagues.”
Mark Buttler, Partner at Total Capital Partners said: “The acquisition of NMC is a game-changer for GRITIT, both in terms of scale and service offering. GRITIT and NMC have each demonstrated impressive growth in recent years. Putting the two together is transformational and creates a genuinely new market-leader. We are very proud of what the team at GRITIT has achieved in such a short period of time and we look forward to continuing the journey with them and the NMC team.”