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Benchmark International Successfully Facilitated the Transaction Between Feakle Gas and Plumbing Limited and Water Intelligence plc

July 9, 2024

Benchmark International is pleased to announce the acquisition of Feakle Gas and Plumbing by Water Intelligence.

Feakle Gas and Plumbing is a specialist gas and plumbing company with a wide national and multinational customer base.

Water Intelligence is a multinational water leak detection and remediation company for both clean water and wastewater problems. It offers any diameter pipe to provide leak detection solutions for its residential, commercial and municipal customers. The company has 150 locations across five countries and deploys its solutions through its four operating subsidiaries.

This strategic acquisition allows Water Intelligence to expand its services in the EU. This move aligns with the company’s growth plan to meet increasing EU demand, projected at $476 billion USD by 2030 for water and wastewater infrastructure. The acquisition is set to be funded from Water Intelligence’s existing balance sheet and is expected to synergise with existing operations in the UK.

Alex Cregan, associate director at Benchmark International, commented: "Plumbing services remain a robust sector even in economically uncertain times, thanks to stable demand, resistance to commoditisation, and a large, fragmented market. While consolidation is on the rise, there are ample opportunities for M&A platform expansion, highlighted by this acquisition.

“I wish the very best to Pauric and Water Intelligence going forward and look forward to seeing the Water Intelligence footprint expand across Ireland in the near future."


Americas: Sam Smoot at +1 (813) 898 2350 / [email protected]

Europe: Michael Lawrie at +44 (0) 161 359 4400 / [email protected]

Africa: Anthony McCardle at +27 21 300 2055 / [email protected] 

 

ABOUT BENCHMARK INTERNATIONAL:

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International's transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook's Global League Tables.

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