Founded in 1987 and headquartered in Essex, Plantexpand supports customers operating business-critical assets across the utilities, telecommunications, transport, infrastructure and public sectors.

Through its nationwide network of mobile engineers and workshops, supported by its proprietary PAMS technology platform, Plantexpand helps customers improve asset availability, manage regulatory compliance and reduce the whole-life cost of operating complex fleets.

Over recent years, Plantexpand has developed from a regional maintenance provider into a national, technology-enabled service platform. Its growth has been underpinned by long-standing customer relationships, an expanding service offering and continued investment in its people, systems and technology.
 

Supporting the next stage of growth

Premius Capital will partner with Plantexpand's management team to support the next stage of the Company's development.

The focus will be on continuing to invest in the quality and breadth of Plantexpand's service offering, deepening relationships with existing customers, supporting further national expansion and developing opportunities to extend the Company's capabilities into adjacent markets.

Vincent Jacheet and Gregory Mackin, Co-Founders of Premius Capital, commented:

"We have been very impressed by Plantexpand. It has many of the characteristics we look for in an investment: an outstanding reputation with its customers, a differentiated service proposition, attractive recurring revenues and a technology platform that strengthens both service delivery and its competitive position.

"Most importantly, we have been impressed by the quality of the people across the organisation and by what the management team has achieved. Plantexpand provides an important service to customers operating critical infrastructure across the UK, where reliability, responsiveness and technical expertise really matter.

"We believe there is a significant opportunity to build on these foundations. We are delighted to be partnering with the Plantexpand team and look forward to supporting them as they continue to grow the business, broaden its capabilities and reinforce its position as a leading national provider in its markets."

Premius Capital would also like to recognise the work of Foresight Group in supporting Plantexpand's development over the past five years and helping position the business for its next stage of growth.
 

Transaction financing and advisers

The acquisition was financed by Triple Point.

Marriott Harrison acted as legal adviser to Premius Capital on the acquisition and financing.

Grant Thornton UK acted as debt adviser to Premius Capital, advising on the structuring and execution of the acquisition financing.

Crowe UK provided transaction support in connection with the acquisition.

Buzzacott provided tax structuring support.

Premius Capital would like to thank its financing partners and advisers for their commitment and support throughout the transaction, as well as Foresight Group, the Plantexpand management team and their respective advisers for their constructive approach throughout the process.

About Plantexpand

Plantexpand is a UK provider of outsourced maintenance, compliance and asset management services for specialist vehicles and plant equipment.

The Company supports customers operating complex and business-critical fleets through a nationwide network of engineers and workshops, underpinned by its proprietary PAMS technology platform.

Plantexpand serves customers across sectors including utilities, telecommunications, transport, infrastructure and the public sector.

Contact

Premius Capital
contact@premiuscapital.com