Infrastructure Gateway Limited
Infrastructure Gateway Limited (IGL) is an accredited utility connections company serving housebuilders throughout central England. A fully accredited service provider, the company boasts Multi Utility Registration Status, making it one of only a handful of companies in the UK to achieve this recognition. IGL was established in 2002 with significant water sector heritage and is highly regarded by customers and industry peers.
The shareholders of IGL, Gary and Julie Morgan, are set to retire from the business with Steven Draper, Karen Westwood and Benjamin Brownbill remaining to focus on growth opportunities and further development of the company. They approached KBS Corporate Finance regarding the sale of their business to enable their well-earned retirement, having built the company from the ground up over several decades into the market leader it is today.
KBS Corporate Finance implemented a diverse research strategy generating interest from trade and investment acquirers alike. Multiple offers were received for IGL with the successful bid coming from utilities service provider South Staffordshire Plc Group (SSPlc), backed by Arjun Infrastructure Partners which specialises in investment across the utilities, energy, renewables and infrastructure sectors.
Steven Draper, Managing Director of IGL, commented: “Following a great relationship with KBS Corporate, we are delighted to join SSPlc and look forward to our future as part of the Group. We already had a strong regional client base, but over the past two years recognised a need for growth and diversity whilst maintaining our core business and relationships. Through KBS Corporate we have found SSPlc is the perfect fit to help us drive further growth opportunities, expanding our services nationwide and into next-generation essential infrastructure markets.”
John Hunt, KBS Corporate Finance Director, said: “It was a real pleasure to work with and support the shareholders on this transaction. The KBS team enjoy considerable expertise in the utility sector and were well-placed to identify the most likely acquirer of the company and navigate the process to a successful outcome for all concerned. Under the guidance of South Staffordshire Group, with the backing of Arjun and the continued commitment of Steven and Ben, we are confident the future is bright for IGL.”