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“Convex have changed our lives forever!”

William Patrick Igoe, Founder and Shareholder

Chris Froggatt

Partner

WPI Group Holdings Limited | June 2018

Convex Capital originated, structured and led the sale of WPI Group Holdings Limited, the North of England’s leading civil engineering and road surfacing company, to CorpAcq a UK based corporate investment company for an undisclosed sum.

 

Established in 1979, WPI were pioneers in the provision of high quality customer service in the housing construction industry, providing clients with a totally integrated turnkey service, incorporating civil engineering, sewage and drainage works, road surfacing and ancillary services.

The Company is growing strongly and is a leading operator benefiting from vast market experience and long established, embedded client relationships with blue-chip housebuilders and construction firms spanning over 35 years.

The deal was structured to secure the ongoing, long-term success of the Company. Whilst the founding owner has sold his shares in the Company, his two sons will remain as joint Managing Directors and both will have an ongoing shareholding.

The shareholder was advised by a Convex team consisting of Chris Froggatt, Tim Marlow and Tom Campbell.

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