RSM’s M&A and private equity team successfully advised KH Engineering Services Limited (KHES), a specialist provider of mechanical and electrical engineering solutions, on their sale to M Group Services Limited.
With over 20 years’ experience and an annual turnover of £14m, KHES offers a comprehensive range of services to the rail and wider transport sectors, working with leading Train Operating Companies (TOCs), Tier 1 contractors and public bodies such as Network Rail.
KHES is the latest acquisition by M Group Services, the leading provider of services to essential infrastructure markets in the UK, with an annual turnover of over £1.2bn. As part of the M Group Transport Division, KHES will retain its brand identity and continue to operate as a standalone, specialist services business led by the incumbent management team.
The transaction enables the founding shareholder to retire from the business and provides a strategic partner to support the management team as they continue to grow the business.
Kevin Hollingsworth, Founder of KHES said: ‘Our objectives have been met by the expertise and calm approach brought to this transaction by the team at RSM. We have experienced full commitment from Natalie, Chris and Josh from inception to conclusion and I would not hesitate to work with them again. The incumbent management are very motivated at taking the business to the next level with M Group and this was delivered in a well balanced manner throughout the process by the team at RSM’
Natalie Ord, partner at RSM comments: ‘KHES has spent more than 20 years building its reputation in a niche market and has experienced strong growth as a result. It’s been great working with the shareholders to both help them achieve their exit aspirations and to find a partner to support the continued growth of the business. M Group straight away stood out as a good home for KHES and we wish the team all the best as they start this new chapter.’