Clearwater has advised WJ Group (“WJ” or the “Group”) on receiving a majority investment from THI Investments (“THI”), a long-term pan-European private equity investor.
Formed in 1987 by current Managing Director, Wayne Johnston, WJ is the UK’s leading supplier of award-winning road markings and specialist highway products and services, with a diverse customer base including Highways England, Transport for Scotland, Transport for London and multiple Local Authorities and Tier 1 contractors.
WJ has nine key depots across the UK and a fleet of over 220 specialist vehicles, enabling it to serve both local and national customers at the highest service level. The Group has demonstrated exceptional organic growth driven by investment in new products and vehicles including high performance road marking materials and efficient installation vehicles to deliver unrivalled levels of service. This has been supported by a multitude of historical strategic acquisitions.
The investment partnership will allow WJ to continue to provide high quality services and make further investments in innovation, technology and expansion in the UK and European markets. This transaction provides an attractive opportunity to leverage the complementary expertise of THI, its operational experience and automotive heritage.
