Imtech UK & Ireland

Management Buyout

Endless supported the MBOs of Imtech UK and Imtech Ireland in August 2015, recognising a significant opportunity to recapitalise a market leading group that was experiencing, along with over 2,100 employees, great uncertainty following its Dutch parent company entering bankruptcy proceedings. The MBOs included Capula, Inviron, Imtech Suir and Imtech Engineering Services, together constituting more than £400 million turnover.

Headquartered in Ashford but with offices throughout the UK and Ireland, the Group is one of the largest managed technical service providers in the UK and Ireland. It has extensive expertise and experience in mechanical and electrical engineering services, technical facilities management and systems integration, with established and well-respected brands reflecting its high quality reputation. 

Our ability to deliver a complex transaction quickly, simply and without the need for third party debt provided the parent company with the solution it was looking for and the acquisition was completed within two weeks of first being introduced to the Group.

In July 2017, we were delighted to complete the sale of Imtech to EDF Energy Services, a joint venture between EDF Energy and Dalkia. The backing and expertise of EDF will enable Imtech to continue to deliver high quality services for new and existing clients and support its growth aspirations across all of its business units, including in low carbon solutions, a key part of its strategy.

We are tremendously proud of what we and the management team achieved with Imtech in less than two years. From a stressed position at initial investment, the management team quickly stabilised the Group and set it on a course for exciting growth. The business outperformed on every metric during our investment, which was an outstanding achievement and demonstrated the strength of the management team and business.

The sale of Imtech delivers an outstanding early return to Endless Fund IV, which opened for investment in April 2015.