Jackson Lloyd
Jackson Lloyd, the fast-growing provider of maintenance services in the North West, established foundations for future growth following a £31 million financing package.
The Skelmersdale-based company provides building refurbishment and electrical maintenance works to local authorities and housing associations.
With turnover exceeding £25 million, Jackson Lloyd was servicing more than 30,000 homes each year. Its regional focus and staffing capacity offered significant growth potential.
Having maintained a relationship with Jackson Lloyd and its shareholders for several years, Clearwater advised the company on an equity release transaction. The deal, initiated at a time when both the company and the market were in prime condition, was hotly contested; private equity from Gresham won the day, supported by a debt package from Lloyds TSB Acquisition Finance.
The transaction allowed CEO Bill Lloyd and his team to pursue the company’s ambitious growth plans, whilst also widening Jackson Lloyd’s shareholder base and achieving a partial equity release for existing stakeholders.
Commenting on Clearwater’s involvement in the deal, Lloyd said:
“We worked exclusively with Clearwater for a few years prior to the deal. When they spotted a positive shift in our market they brought the specific idea of an equity release deal to us.They presented compelling reasons to do the transactions – we did it and have never looked back.”
The Skelmersdale-based company provides building refurbishment and electrical maintenance works to local authorities and housing associations.
With turnover exceeding £25 million, Jackson Lloyd was servicing more than 30,000 homes each year. Its regional focus and staffing capacity offered significant growth potential.
Having maintained a relationship with Jackson Lloyd and its shareholders for several years, Clearwater advised the company on an equity release transaction. The deal, initiated at a time when both the company and the market were in prime condition, was hotly contested; private equity from Gresham won the day, supported by a debt package from Lloyds TSB Acquisition Finance.
The transaction allowed CEO Bill Lloyd and his team to pursue the company’s ambitious growth plans, whilst also widening Jackson Lloyd’s shareholder base and achieving a partial equity release for existing stakeholders.
Commenting on Clearwater’s involvement in the deal, Lloyd said:
“We worked exclusively with Clearwater for a few years prior to the deal. When they spotted a positive shift in our market they brought the specific idea of an equity release deal to us.They presented compelling reasons to do the transactions – we did it and have never looked back.”
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