Today we announce the sale of a minority stake in H&MV Engineering in a transaction that values the business at €750 million. Since Exponent’s investment in H&MV two years ago, revenues have quadrupled to over €500 million.
We look forward to continuing to work closely with founder and CEO P.J. Flanagan and his brilliant team and welcome aboard new investors LGT Capital Partners and Hamilton Lane. Together, we will accelerate H&MV’s international growth, enhance its design and delivery capabilities, and advance its business development agenda.
H&MV is a differentiated business, ideally placed to answer the growing demand for critical infrastructures in the highly attractive energy transition and digital sectors. We are proud to support the business and team for its next phase of growth.
H&MV Engineering is the latest in a series of industrial services investments made by Exponent, including: Pattonair (aerospace supply chain), V Group (marine services), and the recently exited Enva (environmental services).
Read more: https://lnkd.in/eGcpcXB4
M&A / Strategy / Advisory Board - Qualifizierter Aufsichtsrat (Zertifizierung durch Deutsche Börse)
9moCongrats guys, glad this has developed nicely!