- The transaction provides an exit for RJD Partners
- Survey Solutions provides land, building, underground and site surveys
- The deal is the second platform investment from WestBridge III
WestBridge has completed a secondary buyout of Land Survey Solutions, an engineering surveying and monitoring services provider to a range of sectors across the UK.
The transaction provides an exit for RJD Partners and the founder James Cooper, and sees WestBridge invest £14.2 million (€16.3 million; $18 million) to take a majority stake in the business. The deal is the second platform investment from WestBridge III.
Survey Solutions provides land, building, underground and site surveys, along with a range of support services covering the lifecycle of a development. The company’s clients include Thames Water, Transport for London, Aecom, Jacobs, Balfour Beatty and Kier. Survey Solutions is headquartered in Ipswich.
“Survey Solutions epitomises the type of business we are keen to back,” said Rebecca Sinclair, investment manager at WestBridge. “It operates in a highly fragmented niche sector, where there is significant potential for further growth, not least through the adoption of technology and via strategic M&A opportunities.”
WestBridge is a lower mid-market private equity provider with offices in London, Manchester and Cardiff.