Management buy-in completes at environmental and engineering consultancy

A management buy-in has been completed at environmental and engineering consultancy Merebrook Consulting.

Arbuthnot Commercial Asset Based Lending (ACABL) has provided a funding package to support M&L Holdings Limited’s management buy-in of the firm.

Founded in 1997, Merebrook serves clients across the infrastructure, construction, energy and redevelopment sectors.

The consultancy’s expertise spans contaminated land assessment, remediation strategies, geotechnical site investigation, and construction-phase support.

The bespoke facility from ACABL has enabled the corporate carve-out from Spanish multinational IDOM SAU (IDOM) and provides additional headroom for future acquisitions.

Mark Lavender, chief executive of M&L Holdings, said: “From my initial calls with Arbuthnot, it was clear they were genuinely interested in the business.

“Very quickly, we were able to filter out those lenders who were only interested in doing an immediate deal and weren’t overly keen on supporting future acquisitions.

“I needed a partner who could not only help us complete this deal but also support opportunities as we continue on our acquisition path.

“The team at Arbuthnot was incredibly supportive, understanding and personable at every step.”

IDOM acquired Merebrook in 2008 and chose to divest the business to focus on completing large-scale, global architectural and engineering mega-projects.

Andrew Rutherford, commercial director at Arbuthnot Commercial Asset Based Lending, said: “This transaction demonstrates our commitment to backing experienced leaders with growth strategies, and our personal approach to understanding each client’s unique needs.

“The multi-faceted nature of this funding package reflects our ability to structure a bespoke solution that not only supported the immediate platform acquisition, but also future expansion plans.”