We have advised H.I.G. Capital (H.I.G.) on raising finance to support the acquisition of Rainham Industrial Services Limited (Rainham), a leading UK provider of industrial installation, maintenance, and refurbishment services to the power generation, energy from waste, nuclear and manufacturing sectors.
The Clearwater Debt Advisory team provided buyside debt advisory advice to H.I.G.
Rainham provides clients with mechanical, access, insulation, painting, and cleaning services in demanding industrial end markets. It operates from four locations across the UK and has built a strong reputation for quality delivery and an award-winning health and safety capability.
Rainham’s existing management team will remain in place to continue driving the company’s growth and future development. Rainham benefits from exposure to an aging UK industrial base and a growing power generation market, as well as customer relationships that span decades. The business also intends to grow and expand its service offering through selective M&A.
