RSM’s M&A and private equity team have successfully advised the shareholders of Primayer, a global leader in water network leak detection and location, on its acquisition by Servelec Technologies, a subsidiary of Laurel Solutions.
The transaction was completed by way of Servelec Technologies’ holding company, Laurel Solutions. Terms of the private transaction were not disclosed.
Hampshire-based Primayer develops and manufactures industry leading leakage detection hardware, software, and web-based technologies and services.
Clodagh Tunney, corporate finance director at RSM, commented: “It’s been a pleasure working with the Primayer shareholders to help them achieve their exit aspirations and to find a partner to support the continued growth of the business. Primayer is in exceptional health having grown rapidly over the previous years fuelled by strong legislative demand drivers as Ofwat, the water industry regulator for England and Wales, has raised expectations regarding leak reduction dramatically. We wish the team all the best as they start this new chapter of growth.”
Primayer’s technologies and services enable water network leak detection and leak location in order to help clients around the world deliver optimum efficiency to their customers. With over 20 years of experience, a rising global presence and distributors in over 45 countries worldwide, Primayer is committed to supplying quality products for water utilities, consultants and contractors.
Servelec Technologies is a market-leading provider of remote monitoring systems, secure SCADA systems, and business optimization software providing complete end-to-end automation and optimization solutions to clients around the world. The business is headquartered in Sheffield, UK with offices in Melbourne, Australia, Waterloo, Belgium, Calgary, Canada and Abu Dhabi, United Arab Emirates. For more than 40 years, the Company’s hardware and software products, systems, and consultancy services have been trusted by the world’s leading companies across sectors such as water & waste management, oil and gas, transportation, communications and broadcast, and energy. Servelec Technologies delivers efficiency savings to customers by creating systems that collect, communicate, and exploit data. Servelec Technologies is a subsidiary of Laurel Solutions.