Xeinadin’s Corporate Finance Team have successfully advised the shareholders on the sale of Scott Combustion to Mecsia, a leader in compliance-driven technical inspections and maintenance.
Scott Combustion, established in 1983, is one of the oldest Corgi/Gas Safe registered companies in the UK. Renowned for its excellence, the company’s team of highly skilled engineers, managers, and support staff specialises in servicing and maintaining critical HVAC systems. With established locations in East Grinstead (South) and Manchester (North), Scott Combustion’s integration will bolster Mecsia’s national network, enabling a more effective “Local Service, National Reach” approach.
Paul Whitney, Xeinadin Corporate Finance Director, commented on the transaction: “We are delighted to have facilitated the sale of Scott Combustion to Mecsia. Using our extensive industry knowledge, we pinpointed Mecsia as a perfect strategic fit for Scott Combustion. Having advised the vendors throughout the process, we are thrilled that their aspirations for the company’s legacy and future growth have been achieved.”
Darren Morse, UK Operations Director of Scott Combustion, shared his enthusiasm: “We at Scott Combustion are delighted to join the Mecsia group of companies. With over 40 years of operating in the HVAC industry, we believe our commitment to quality and customer-focused technical service aligns well with Mecsia’s philosophy. We greatly look forward to working with the excellent senior management team at Mecsia to further develop the business.”
Jon Coiley, CEO of Mecsia, also expressed his satisfaction with the acquisition: “We are delighted to welcome Scott Combustion to the Mecsia group. Their expertise in servicing and maintaining critical building systems perfectly complements our existing offerings. This acquisition strengthens our ability to deliver a truly comprehensive solution for our clients.”
The advisors for the Scott Combustion shareholders on this transaction were Paul Whitney and Nathan Clark from Xeinadin Corporate Finance, Nusrat Qureishi from Stevensdrake Solicitors and Colin McCoy from McKenzies Chartered Accountants.
This latest transaction highlights a strong year for Xeinadin in the market. Led by Paul Whitney, Steven Lindsay, and Keith McDonagh, the team has successfully managed numerous transactions recently, including the sale of IT Telemarketing Services (ITTS) to Agent3, EcoSpeed’s sale to CitySprint, the sale of Julian Wadden & Company to Thornely Groves, and the employee ownership trust buy-outs of both Hardscape Group and Creed Communications. The team’s expertise ensures seamless integration and maximises value for all parties involved.
For more information, please visit Financial Advisor for Business | Corporate Finance Advisors | Xeinadin.
