Severn Partnership Ltd Acquired by Munnelly Group PLC

Severn Partnership are pleased to announce we have been successfully acquired by leading construction and infrastructure services group, Munnelly Group PLC.

On 26^th March 2021 Severn Partnership was successfully acquired by Munnelly Group PLC, a UK leading construction and infrastructure services group. This acquisition provides Severn Partnership with opportunities for development within new and existing sectors and allows the organisation to benefit from the group-wide capabilities and resource that will enable us to expand our service offering, enter new markets and continue on the path of positive growth.

The acquisition of Severn Partnership by the Munnelly Group PLC enhances the strategic technological position of Munnelly Group to further develop their planning and modelling services across their client, sector, and project portfolio. The acquisition advances the current market leading services offered by the Group, building on the Group’s wider digital strategy transforming the way in which they capture and use project data and information. The service and approach adopted by Severn Partnership will provide significant benefit to the group, our focus on the notion of “lean construction”, identifying the areas where clients can gain maximum value for their projects, whilst highlighting areas that can help minimise wastage will prove beneficial to Munnelly Group PLC.

Phil Munnelly, Group CEO, said of the acquisition “The services provided by Severn Partnership align, compliment, and enhance the services already provided by the Group and its subsidiaries. The ability to be able to integrate Severn Partnership into our existing offering is exciting and transformational, it will provide our customers and projects with an incomparable service. This acquisition further demonstrates the Groups commitment to providing our clients with technology and data led solutions that promotes superior project planning and delivery.”

Mark Combes and Nick Blenkarn said of the acquisition “Severn Partnership joining Munnelly Group PLC provides the organisation with the opportunity to grow and expand on a new scale. We believe that the support, ethos, and existing services provided by the Group will only further enhance and develop our services and create new and exciting opportunities within existing and new industries. We look forward to working closely with the other subsidiaries and creating something revolutionary within our sectors.”

Commenting on the acquisition, Gareth Brewerton, Munnelly Group General Counsel and Head of M&A, said “Severn Partnership joining the Munnelly Group further cements our position of being leaders within the construction and infrastructure sectors. We are delighted that Nick and Mark agreed to sell to us. The addition of the Severn Partnership to our Group will further enable us to deliver technology and data driven insights across the built environment”.

Munnelly Group PLC was assisted by Partner Alasdair Outhwaite and Senior Associate Matthew Judge of the Manchester office of international law firm DWF Law LLP with financial due diligence, tax and transactional support provided by leading audit, tax and consulting firm RSM led by James Wild and James Jarvis.  Anne Scheland led the team at Solicitors Hillyer McKeown who provided legal advice to the Sellers with Bernadette Wilson of Accountants Crowe UK providing financial advice.

The acquisition of Severn Partnership is the eighth acquisition for the Munnelly Group PLC and reinforces their vision for growth within the construction and infrastructure sectors. Severn Partnership will be governed by the Munnelly Group PLC Board of Directors but will operate as a separate company within the group.