Ipsum Group Limited (“Ipsum”), backed by Aliter Capital LLP (“Aliter”) completed its third bolt-on acquisition, Euro Environmental Utilities Group Limited (“EEG”). The transaction includes the acquisition of EEG’s Scotland, North of England and Midlands-based operations but excludes its Andover-based South of England operations.
EEG is a national service provider with operations across the UK, and has a network of strategically located depots, delivering a range of services to the UK utility, facilities management and infrastructure sectors, including drainage maintenance and repair, civil engineering, asset mapping and flood prevention. The acquisition of EEG will strengthen Ipsum’s existing drainage maintenance services and fleet of specialist vehicles, broaden its geographic footprint and add new blue-chip customer relationships.