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Stockport based environmental consultancy, APEM Group, has announced its acquisition of Dublin-based Macro Works, the fourth takeover for the group in two years.
A landscape and visual consultancy, Macro Works has public and private sectors clients from a range of industries including renewables, infrastructure and commercial development. As well as landscape and visual impact assessments (LVIAs), the company produces photomontages, 3D visual simulations, glint and glare reports and landscape design.
The acquisition further reinforces APEM’s strong market position in the global environmental consultancy sector. Since receiving private equity investment from WestBridge in 2019, APEM has seen its revenue grow from £10 million to a forecast c.£60 million in the current financial year, employing 540 people across five divisions.
Richard Barker, director and landscape architect at Macro Works, said:
“We have been aware of APEM for many years and have always held it in high esteem for the type and quality of work it produces. We are delighted to be joining a team of like-minded individuals who share our values and whose culture is aligned with our own.
“It’s very much business as usual for our loyal customers who will now be able to access a wider pool of expertise and services.
“Similarly, our own employees will benefit from the enhanced training and development opportunities that come with being part of a larger group.”
APEM Group chief executive officer, Dr Adrian Williams, said:
“We have first-hand experience of the excellent work produced by the team at Macro Works and are absolutely delighted to welcome them as part of the team. Their areas of expertise perfectly complement our growing range of highly specialised services and I look forward to seeing the fantastic achievements we can deliver together.”
APEM Group chief strategy officer, Leah McGimpsey, added:
“Demand for end-to-end environmental consultancy continues to grow and we are leading the way by constantly evolving our offering, enabling us to be a greater partner to our clients, people and the communities across which we operate.”
Earlier this week, APEM Group announced it had secured a £50 million debt package as well as additional debt capacity through an accordion facility from Tikehau Capital, with an additional £7.5 million working capital facility from Virgin Money to accelerate its ambitious growth strategy.
Rebecca Sinclair, investment manager at WestBridge, said:
“APEM is a fantastic business that continues to go from strength to strength. It has earned its position as a leading player in the global market, providing vital work, and we look forward to supporting the management team as it pursues further growth opportunities.”