Orbis advise Stuart Turner on their acquisition of AGM

Orbis has advised Stuart Turner on their strategic acquisition of Aquatronic Group Management (or “AGM”), a leading provider of cold-water boosting equipment and services in the UK. The transaction was led by Chris Gregory, Partner and Peter Waplington, Director. Stuart Turner is backed by Epiris, a leading private equity firm which invests in opportunities to transform businesses in partnership with exceptional management teams.

Based in Colchester, AGM designs and manufactures pressurisation and water booster units and installs and maintains fresh and waste-water pump systems. The company offers a nationwide service from its centres in Manchester, Colchester and Southampton.

Stuart Turner supplies water-boosting products that manage water pressure in residential and commercial applications. These range from domestic shower pumps, where the company’s Monsoon product is the UK market leader, to bespoke systems that combine cold-water boosting, pressurisation units and circulators to manage the supply of hot and cold water in commercial buildings and for industrial purposes.

Legal advice was provided by Tom Rush and Jamie Gillespie at Gateley Legal.

Financial due diligence was provided by David Preston and Luke Yates at Mazars.

Commercial due diligence was provided by David Crout at PMSI.