June 2020
Aquam Water Services
Adviser to Aquam Water Services on their investment by Cadence Equity Partners
£undisclosed
Grant Thornton team
Industrials
Sell side
Corporate finance
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We are delighted to have advised Cadence EP on its investment in Aquam Water Services and Orbis.

We were approached by Raymond James to assist Aquam Inc with the disposal of AWS, a provider of standpipe management services to the UK water industry

Following a restructuring of Aquam’s business in the UK, AWS went into this process without a full-time CFO or Financial Controller.

Our teams liaised with US-based management and local interim financial resource in order to produce balanced and robust analysis of the business and the opportunities for growth which had been identified.

Our work met the needs of multiple private equity bidders through a competitive process

A late change to the proposed deal perimeter was supported by us being able to quickly expand our work to include a limited scope review of its US based, technology provider, Orbis Intelligent Systems Inc

Completing this deal in the current climate has demonstrated our ability to provide market-leading support to the vendor. Our outputs were held in high regard by those on both sides of the transaction.

Testimonial
This was a challenging process and Grant Thornton were an invaluable partner throughout the project, building positive relationships with all. They produced a comprehensive and issues focused report that was very well received by the Board, and numerous private equity bidders. We’d love to work with you again in the future.
Dan Squiller CEO, Aquam Inc