James Cowper Kreston Corporate Finance team advises Coriant Group on acquisition of Intech Environmental

We are pleased to announce that our Corporate Finance team successfully advised Coriant Group on its acquisition of Intech Environmental, one of the UK’s leading providers of industrial cleaning, confined space rescue and rope access services.

Intech Environmental offers a range of services across the UK, from high pressure water jetting to automated economiser and heat exchanger cleaning, serving clients across industries, including steel plants and water treatment facilities.

Coriant Group, backed by H.I.G Capital, is supporting Intech Environmental in its next phase of growth, combining Intech’s specialist industrial cleaning capabilities with the wider expertise and resources of the Coriant Group. The acquisition will enable Coriant Group to offer a more comprehensive service proposition, giving customers access to a broader range of industrial services through one integrated group.

Our Corporate Finance team was led by Nikul Patel, Corporate Finance Director, alongside James Satchwill, Senior Corporate Finance Manager, with Emma Jones providing support from our tax team.

Maxine Mayhew, CEO of Coriant, commented:

“Bringing Intech into Coriant is another important step in building a leading, increasingly full-service industrial services group. Intech’s complementary capabilities, particularly in specialist industrial cleaning, strengthen our service offering as we accelerate our growth and expand our integrated service proposition.

We’re delighted to welcome the Intech team to Coriant and look forward to building on our combined strengths to deliver greater quality and choice for our customers.”

Brian Kilminster, Managing Director at Intech Environmental, added:

“Joining Coriant represents an exciting next chapter for Intech Environmental. We have built our business on specialist expertise, a strong focus on safety and quality, and a commitment to delivering reliable solutions in demanding industrial environments.

Becoming part of Coriant allows us to build on these foundations, combining our expertise with the Group’s complementary capabilities to expand our service offering and support a wider range of customer needs.”

Nikul Patel, Corporate Finance Director, said:

“We are proud to have supported Coriant on its acquisition of Intech Environmental. The acquisition is a great addition to Coriant Group’s growing portfolio within the environmental services sector and brings together complementary expertise and capabilities.”