Arrowpoint Advisory’s Business Services and Debt Advisory teams have advised H.I.G. Capital (“H.I.G.”) and FourWinds Capital Partners (“FWCP”) on their investment into Avove Limited, a leading UK infrastructure services and engineering company focused on the regulated water and power markets. The financial terms of the transaction have not been disclosed.
Avove provides end-to-end design and build solutions to utilities in the water, wastewater, and power sectors. It operates across Great Britain and Northern Ireland and has built a strong reputation for high-quality delivery, for being an employer of choice, and for generating social value in the communities it serves.
The Company benefits from exposure to significant forecast investment in UK infrastructure, notably the AMP8 water investment cycle, which includes renewing ageing assets, reducing pollution incidents, and strengthening climate change resilience. Avove’s management team will reinvest alongside H.I.G. and FWCP and remain in place to lead the Company's continued development. Avove will serve as an infrastructure services platform with a core focus on the water and power markets, supported by an M&A strategy to strengthen its position in these core markets, expand into adjacent regulated end markets, and broaden the offering to its customer base.
Mark Perkins, CEO of Avove, remarked: “We are proud of what the Avove team has achieved to date by focusing on innovation, quality, and safety, supported by an engaged and passionate workforce. In partnership with H.I.G. and FWCP, we will continue to improve outcomes for the communities we serve while pursuing growth in a market undergoing rapid transformation.”
Adam Taylor, Managing Director in H.I.G.’s London office, said: “UK infrastructure markets are set for significant growth in the coming years with capacity, efficiency, and resilience targeted for improvement. We are excited to partner with Avove’s highly experienced management team, combining the Company’s strong track record of delivery to regulated utility markets with H.I.G.’s deep UK services sector knowledge and acquisitive-growth expertise.”
Assaf Littner, Managing Partner of FWCP, added, “Avove sits at the heart of a multi-decade expansion in UK regulated infrastructure investment. The record investment committed under AMP8 gives the Company a long runway of funded demand, and in Mark and his team we have found operators of the highest calibre. We are delighted to invest alongside H.I.G., whose deep UK services expertise complements our own approach, and we look forward to supporting Avove through its next phase of growth.”
Joe Austin, Managing Director at Arrowpoint Advisory, highlighted: “We were delighted to advise the H.I.G. and FWCP teams on their investment into Avove at a time when UK infrastructure markets are benefitting from structural growth and generational change. The transaction continues the success of Rothschild & Co’s leading franchise in Infrastructure Services and deepens our extensive experience within the wider Built Environment.”
