Menzies is pleased to have provided financial due diligence services to Renew Holdings plc (“Renew”) in connection with its acquisition of Edwards Diving Services Limited (“EDS”), a specialist marine and civil engineering contractor serving the UK water and environmental infrastructure sectors.
The transaction, completed through Renew’s subsidiary Envolve Infrastructure Limited, represents a strategic expansion of Renew’s specialist water services capabilities, with a total consideration of up to £13 million.
Founded in 1992 and headquartered in Wales, EDS has developed a strong reputation for delivering specialist marine and civil engineering solutions, combining in-house design, fabrication and operational expertise to undertake complex projects in challenging environments. The business serves water companies, local authorities and infrastructure operators across the UK.
Menzies’ Transaction Services team, led by Dom Lowbridge, Director, with support from Katherine Bailey and Matt Denley, undertook financial due diligence on behalf of Renew, providing insight into the quality of earnings, working capital dynamics and key financial considerations to support the acquisition process.
The wider advisory team included Deloitte, which provided tax due diligence services, and Walker Morris, which acted as legal adviser to Renew.
ABOUT MENZIES DEAL ADVISORY
Our Deal Advisory team provides a quality-driven and personal approach to advising privately owned, owner-managed and multi-national businesses. We specialise in transactions between £3m and £75m, offering practical and insightful guidance at every stage of the deal process.
