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Mecsia Receives Investment to Support Growth Strategy

Mecsia Receives Investment to Support Growth Strategy
12 March 2024

M&E specialist Mecsia has secured investment to expand its services and make more strategic acquisitions.

The maintenance services company was formed in 2020 after acquiring Cambridge Maintenance Services and subsequently Acorn, SK Refrigeration & Heating, and Artic Building Services.

This new investment deal with Synova is intended to allow Mecsia to improve its market share in the technical service market and support new acquisitions.

Jon Coiley, CEO of Mecsia, said: “We are delighted to have secured the support of Synova, who we see as the ideal partner for the next leg of our journey. This investment will allow us to accelerate our plans for further innovation and expansion of our services and to continue to deliver the highest quality experience for our clients. Synova’s deep knowledge of the sector and ability to source and execute acquisitions will help drive the expansion of our technical services geographically and by competency as Mecsia continues its expansion plans.”

Mecsia generates revenues of more than £100 million and employs over 400 specialist engineers across the UK.

Oliver Bevan, Partner at Synova, added: “We are delighted to be partnering with Jon and his management team for the next chapter in the Mecsia growth story. To date the team have delivered market leading performance with unparalleled client service. We look forward to supporting Mecsia’s continued vision to transform the technical service market.”

Picture: a photograph of a glass filled with coins and a small green plant coming out of the top. Image Credit: Unsplash

Article written by Ella Tansley | Published 12 March 2024


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