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Our Corporate Finance team advises H.I.G. Capital backed andwis. Group on their acquisition of Spectrum Electrical Group

15 January 2025

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Our Corporate Finance team recently provided financial and tax due diligence services to H.I.G. Capital backed andwis. Group on their acquisition of Spectrum Electrical Group.

andwis. Group is one of the UK’s leading technical services providers, specialising in M&E, lift maintenance, entrance and access security, HVAC, and fire and security solutions.

Spectrum Electrical Group will further enhance andwis. Group’s M&E division, solidifying its position as one of the leading electrical contracting companies operating in the South West of England. The company specialises in the design and installation of turnkey electrical building services and structured cabling together with fibre optics for most data and communication systems.

Richard Clayton, MD at Spectrum Electrical Group, commented, “We are very excited to join the andwis. Group of companies and look forward to the opportunities this will bring to further build on our hard-earned reputation for industry-leading electrical installations and customer service.”

Alistair Morgan, MD of Wessex Group Limited and Will Scott, MD of Watertite Building Services who both head-up M&E businesses within the same andwis. division, commented: “We are delighted that Spectrum Electrical has joined the andwis family. They are a fantastic team and we look forward to working side-by-side as we further build our M&E offering in the South West.”

Brad McAvoy, who led the team at James Cowper Kreston Corporate Finance, supported by Nikul Patel, commented: "We are delighted to have supported andwis. Group on yet another transaction. The acquisition of Spectrum Electrical Group will strengthen their M&E division and expand their service offerings for clients both across the UK and internationally.”