Magma advises on sale of Select Surveys Limited to LinesearchbeforeUdig Limited
15 April 2024
Magma Corporate Finance are pleased to have advised LinesearchbeforeUdig Limited (LSBUD) on their recent acquisition of Select Surveys Limited.
LSBUD is a free to use service where users can check their proposed building and excavation works against utility company records of under and overground pipes and cables in the electricity, gas, high pressure fuel, water, and fibre optic networks.
Founded in 1996 Select Surveys is a multi-disciplined geospatial consultancy specialising in utility surveys. It provides surveying and location-based services to the government, transport, construction, and energy sectors.
Richard Broome, Managing Director of LSBUD said of the acquisition “We are delighted to have completed this deal as part of a strategic plan to extend LSBUD’s offering. Our previous growth and development has been organic, so this marks a step-change, a real statement of intent. It’s just the start of our plans to extend LSBUD’s role and reach.
With the combined experience and expertise of both companies, and working closely with our new Select colleagues, this new chapter will help solidify LSBUD’s place as the UK’s most comprehensive safe digging service.”
He went on to say, “We cannot speak highly enough of the Magma team, who gave us exactly what we needed – clear, value-adding advice combined with excellent analysis and diligence support.”
Chris Matthews, Senior Corporate Finance Manager at Magma added “We are pleased to have worked closely with LSBUD in this strategic acquisition and are confident that the combined offering of the businesses can be a great success in the sector.”
James Maynard of Knights plc provided legal advice to LSBUD.
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