Metcor Group

We’re pleased to have advised Metcor Group (Metcor), a leading provider of specialist maintenance services to the built environment, on a new financing package that will support its continued growth following its investment partnership with Macquarie Capital.

The deal, which includes a leveraged acquisition finance facility provided by Bain Capital and Santander, was advised by our Debt Advisory team and led by Partner Simon Sherliker.

Metcor delivers environmental compliance and asset performance maintenance services across sectors including wastewater, clean water, commercial property and mechanical engineering. The new investment and financing structure will support the group’s ambitious buy-and-build strategy as it scales across the UK.

FRP Corporate Finance was initially appointed to advise on securing a flexible and efficient capital structure to complement the incoming private equity investment. The team had previously supported the business – then operating as Metro Mechanical Services – with a refinancing in 2022, establishing a strong advisory relationship with the management team and deep understanding of the business.

As part of the latest transaction, our Debt Advisory team led a comprehensive lender education process, preparing detailed briefing materials to articulate the business’s strengths and growth potential under new ownership. The team supported the delivery of management presentations, led commercial negotiations with lenders, and worked closely with Macquarie to structure the final financing package.

The new agreement provides significant acquisition capital and covenant headroom, delivering a structure designed to underpin Metcor’s long-term growth strategy.

Simon Sherliker, Debt Advisory Partner at FRP Corporate Finance, said: “As the UK continues its transition to net zero, businesses such as Metcor play a vital role in maintaining and enhancing the critical infrastructure that underpins a sustainable economy.

“This was a highly competitive process, and we’re pleased to have supported Metcor in securing a flexible, well-structured financing solution from Bain Capital and Santander to support its next phase of growth. With the backing of Macquarie and a strong funding partner in place, the business is now exceptionally well positioned to accelerate its buy-and-build strategy. It’s been a pleasure to work with the team again and we look forward to seeing what they go on to achieve.”

Michael Marks, Co-Founder & COO at Metcor added: “Macquarie’s investment marks an exciting new chapter in Metcor’s growth story, and securing additional support from Bain Capital provides us with the financial strength and flexibility to accelerate our expansion plans. Together, their backing will be instrumental in helping us scale our operations and continue delivering high-quality services across the built environment.

“This deal wouldn’t have been possible without the support of Simon and the team at FRP Corporate Finance. We came into this process with a strong relationship built on past success, and their expertise, lender network and hands-on approach were critical in securing a positive outcome for all parties.”