KBS Corporate Finance Oversees the Sale of Infrastructure Gateway Limited - KBS Corporate

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KBS Corporate Finance Oversees the Sale of Infrastructure Gateway Limited

Infrastructure Gateway Limited (IGL) is an accredited utility connections company to 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 with the business to focus on growth opportunities and further development of the company. They approached KBS Corporate Finance with 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 Staffs Water Plc, backed by Arjun Infrastructure Partners. Arjun specialises in investment across the utilities, energy, renewables and infrastructure sectors, and the acquisition will allow South Staffs Water to expand its geographic footprint and enter the industrial and commercial multi-utility field.

Steven Draper, Manging 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, Corporate Finance Director at KBS Corporate Finance, commented on the deal: “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 Staffs Water, with the backing of Arjun and the continued commitment of Steven and Ben, we are confident that the future is bright for IGL.”


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