Ipsum expands into London with new acquisition

London, UK – Specialist engineering services provider, Ipsum, has announced its acquisition of London’s leading plumbing, pump repair and drainage specialists, Aquaflow Drainage Services Ltd.

The addition will complement Ipsum’s existing water and wastewater asset maintenance and repair capabilities. It will also see the introduction of new specialist plumbing, pump installation and repair, and chemical dosing capabilities. The acquisition will also expand the business’ footprint in and around the English capital, a critical step in its growth.

Andrew Cowan, CEO at Ipsum, said: “Over the last eight years, Ipsum has been on a growth journey and the acquisition of Aquaflow marks a significant milestone. Our expansion into London, a notoriously concentrated market in the sector, will open up opportunities for us while simultaneously providing Aquaflow’s existing customer-base with a broader range of maintenance and repair services.

“We are committed to working with Keith Borrett and the rest of the Aquaflow team to ensure a seamless transition and continue supporting our valued customers and clients.”

Keith Borrett, Managing Director at Aquaflow Drainage Services Ltd, said: “We are thrilled to join forces with Ipsum, marking an exciting new chapter for our company, staff, customers and suppliers. This acquisition not only validates the hard work and dedication of our entire team, but also opens up tremendous opportunities for growth, innovation, and enhanced value for our customers. Together, we look forward to building on our shared vision and achieving even greater success.”

Ipsum is a leading provider of engineering services in the Power, Water, Infrastructure and Telecoms sectors. It works in partnership with customers across regulated and non-regulated environments to optimise asset performance, supporting the security and resilience of critical networks.

It utilises a data-driven approach and technologically enhanced methodologies such as no-dig and trenchless technologies to provide a quicker, greener, and more cost-efficient delivery of engineering, maintenance and repair services, Ipsum employes over 1,000 people and operates throughout the UK.

The transaction was advised by the sell side by corporate finance advisers, Cleveland Scott.