Transaction

Frankham Group partners with LDC

Transaction

Frankham Group partners with LDC

Sell-side

Undisclosed

Role

Adviser to Frankham Group on its partnership with LDC

Sector

Business Services

Region

UK

We have advised Frankham Group (Frankham), a leading property and construction consultancy, on its partnership with LDC, to support its next phase of growth. Our integrated team provided both M&A and Modelling & Data Analytics support. 

Headquartered in Sidcup, Kent, and established in 1982 by Steve Frankham MBE as a building surveying practice, Frankham has become one of the UK’s leading multidisciplinary consultancies for the built environment. Today, employing c.250 people, it delivers a broad range of end-to-end services, spanning fire and building compliance, surveying and project management, engineering, and design. It has over 700 private and public sector clients and works on projects across the housing, infrastructure, commercial and other sectors. 

Frankham has doubled turnover over the past five years, underpinned by growing demand for compliance-led services driven by regulatory and legislative change. Historically focused on London and the South East, it has recently expanded to other parts of the country and in April 2025, opened an office in Birmingham – its fifth site, alongside Sidcup, London, Stevenage and Oxford.

LDC is backing CEO Richard Chitty and his current management team as they pursue an organic and acquisitive growth strategy. Richard has been with the business for 32 years – starting as a surveyor and has served as Group Managing Director since 2008. 

LDC’s investment will help Frankham accelerate its 2030 growth strategy, targeting further geographic expansion. The transaction will also see Steve Frankham MBE retire after leading the business for 44 years. 

More about the process

Drawing on extensive sector knowledge, our M&A team showcased Frankham as a well-established multi-disciplinary built-environment consultancy, by highlighting its strong market position, blue chip client base and strong growth trajectory. The team executed a highly-targeted private equity process with a select number of UK investors, through which LDC emerged as the preferred partner for both existing shareholders and the rolling management team as the business enters its next phase of growth.

Alongside this, our Modelling & Data Analytics team developed an integrated financial model to translate Frankham’s growth ambitions into a clear and credible forecast. Built with management and underpinned by well-considered assumptions, the model was used extensively by stakeholders across the transaction to provide transparency, confidence, and a strong analytical foundation.

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Clearwater’s understanding of our business and the clarity of their advice were invaluable throughout this process. Their targeted approach helped us engage with the right investors, and the financial model they built provided a comprehensive forecast for LDC to bid off. Their sector insight and analytical rigour played a key role in securing the right partner for the Frankham Group's next phase of growth.

Steve Frankham MBE, Founder & Chairman, Frankham Group
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I’d like to thank Steve for the opportunities he has given everyone at Frankham, and for his vision, leadership and drive over the past 40 years. On behalf of all of us at Frankham, we wish him a long and happy retirement. We are very proud to have built a great business, with talented employees and loyal clients. We and LDC are aligned in our thinking for the Group and they clearly understand and respect our culture and will be a great partner for us as we build on the strong position we've created, benefitting from their sector experience and regional network to expand nationally and into other market segments.

Richard Chitty, CEO, Frankham Group

Frankham’s consistent growth reflects the strength of its service and delivery quality, the ambition of its team and the trust its clients place in it as a partner. It has an excellent reputation, a strong culture, and its broad range of services means it’s well-positioned to meet rising demand for construction consultancy services as clients seek help in delivering new projects and meeting increasing regulation. We’re looking forward to working with Richard and his team to help them achieve their ambitious growth plans.

Tom Jervis, Investment Manager, LDC

This partnership marks an exciting moment for a highly-respected consultancy with a strong reputation built over decades. It’s been a pleasure working with the team to help articulate their growth story and identify the right partner to support their next chapter. The business is exceptionally well‑positioned for continued expansion, and we’re proud to have played a role in securing an investor who truly understands their ambition and culture.

Joe Dyke, Partner, Clearwater

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