Mutares Expands Portfolio with Acquisition of Greenview Group Holdings Ltd

Mutares Expands Portfolio with Acquisition of Greenview Group Holdings Ltd

(IN BRIEF) Mutares SE & Co. KGaA has successfully acquired Greenview Group Holdings Ltd from Cordovan Capital Partners II LP and Michael Burke, the current CEO, marking its fourth acquisition in 2024. Greenview Group, established in 2017, specializes in mechanical and electrical installation, heating services, property maintenance, and sustainable energy solutions in the UK and Ireland. With approximately 190 employees and revenues of around EUR 36 million in 2023, expected to reach EUR 45 million in the current financial year, Greenview Group operates from four offices across Belfast and London, servicing a diverse customer base in the commercial and residential sectors. Mutares aims to strengthen its Goods & Services segment with this strategic investment, leveraging Greenview Group’s industry expertise and service range to drive market expansion and capitalize on growth opportunities. CEO Robin Laik expressed confidence in the company’s potential for further development and strategic improvements following the acquisition.

(PRESS RELEASE) MUNICH, 22-Apr-2024 — /EuropaWire/ — Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Greenview Group Holdings Ltd from Cordovan Capital Partners II LP and Michael Burke, the group’s current CEO. As a new platform investment, the company will strengthen the Goods & Services segment.

Established in 2017, Greenview Group is a provider of mechanical and electrical installation, heating installation and servicing, property maintenance and improvements as well as a range of sustainable energy solutions, including domestic energy efficiency services. With around 190 employees, the company generated revenues of approx. EUR 36 million in 2023 and is forecast to deliver EUR 45 million in the current financial year to March 2025. Greenview Group operates from four different offices across Belfast, Northern Ireland, and London, UK, which enable direct access to a strong customer base, including several companies in the commercial and residential public and private sector, serviced via its fleet of around 100 vehicles. Thanks to the group’s comprehensive industry knowledge and broad range of services, Greenview Group has a strong relationship with government-backed, blue-chip customers as well as major private contractors.

Robin Laik, CEO of Mutares, comments: “With the acquisition of Greenview Group, we are further strengthening our Goods & Services segment in the field of heating installation, inspection, servicing and maintenance services. I am highly confident, that we can further expand the company’s market position, capitalize on the growth potential and leverage strategic improvements.”

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SOURCE: Mutares SE & Co.