Swindon professionals have supported the sale of a traffic management group and environmental consultancy.
Camps Highways and Camps Environmental Services have become part of the Chevron Group, which provides traffic management, digital services and soft estate maintenance services to a range of sectors including high speed, local authorities, rail, utilities and events.
The deal was brokered by Swindon-based corporate finance specialists Watersheds, with legal advice provided to Camps by Swindon-based law firm Royds Withy King.
Camps Highways and Camps Environmental Services, which were established by Powys-based Michael Camps in 2010 and have a turnover of £5m, employ over 35 people across their premises in Presteigne in mid-Wales, Worcestershire, Hampshire, and Cambridgeshire.
Chevron TM is the leading digital work-zone safety company in the UK, providing traffic management services across critical low-speed and high-speed infrastructure, as well as the Utilities, Rail and Events sectors.
Camps Highways provides highway soft estate services – including the maintenance of green road verges and central reservations, tree works and weed control.
Camps Environmental Services supplements this offer with a range of specialist arboricultural, landscape and environmental consultancy services.
Chevron TM is backed by Scandinavian private equity group Triton, who saw the value in the companies’ respective management teams as well as the supplementary services that the acquisition would allow each of them to offer their current customers.
Dan Wright, the partner at Watersheds who acted for Michael Camps, said the deal went through in a short time frame, despite the fact that it was completed during the third pandemic lockdown.
“The strategic transaction will allow the majority shareholder to exit, whilst providing the strong management team the platform to continue to grow the business, enhanced by the knowledge and resource of Chevron TM.
“Chevron TM are a great fit with Camps, providing opportunity to access to larger, previously unattainable contracts, and having strong synergies from their supplementary services. We wish them all the best on the next phase of their ambitious growth plans.”
Solicitor James Worrall, who provided legal guidance with colleagues Nicola Anderson (corporate), Tim Gofton (employment) and Krysha Hunt (real estate), said: “We are very pleased to help deliver this deal which will allow Camps Highways and CES to expand their services nationwide and build a new and exciting future for their business and their workforce.”
Michael Brooke of accountants Ross Brooke of Newbury, the incumbent accountants, provided accountancy services throughout the transaction.
Pictured: Daniel Wright, partner with Watersheds, with Jim MacPherson, MD of Camps Highways