Birmingham-based corporate finance firm Clearwater International has completed its second deal of the week, advising a leading supplier of road markings on a majority investment from a European private equity firm.
Clearwater advised WJ Group on the cash injection from THI Investments.
Formed in 1987 by current managing director, Wayne Johnston, WJ is the UK’s leading supplier of road markings and specialist highway products and services, with a diverse customer base including Highways England, Transport for Scotland, Transport for London and multiple Local Authorities and Tier 1 contractors.
WJ has nine key depots across the UK and a fleet of over 220 specialist vehicles, enabling it to serve both local and national customers at the highest service level.
The has seen rapid growth driven by investment in new products and vehicles including high performance road marking materials and efficient installation vehicles to deliver unrivalled levels of service. This has been supported by a multitude of historical strategic acquisitions.
The investment partnership will allow WJ to continue to provide high quality services and make further investments in innovation, technology and expansion in the UK and European markets.
The Clearwater International team comprised partner Paul Jones, associate director Zack Goddard, senior associate Andrew Hatch, and executive Courtney Walker.
Debt advisory support was provided by managing partner Mark Taylor and director David Grassby.
Wayne Johnston said: “We are excited to welcome THI as our new investment partner to support our business as it enters the next phase of growth. THI’s permanent capital, ability to take a long-term