The Infrastructure Services team at Heligan Corporate Finance has advised Wolverhampton-based Midwest Mechanical and Electrical Services Limited ("Midwest") on its refinance with Metro Bank.

Established in 1988, Midwest is a nationally recognised mechanical and electrical ("M&E") engineering contractor delivering a full suite of installation, maintenance and testing services across the UK. The refinance supports the company's continued expansion and operational investment as it positions for growth across the infrastructure services sector.

This transaction is the third that Heligan has advised Midwest on, following two management buyouts completed in 2021 and 2019.

Ben Robinson, Associate Director, Corporate Finance at Heligan Group, said: "After recent commitments to long-term infrastructure investment by the Labour government, we expect to see significant growth for firms across the supply chain, with increasing M&A interest from both strategic and financial investors. It has been a pleasure to secure a strong outcome for our longstanding client, Midwest, and to add this deal to our growing Infrastructure Services credentials. I look forward to seeing Metro Bank support Midwest with its continued growth over the next five years."

Josh Gurton, Relationship Manager at Metro Bank, added, "We're excited to begin our relationship with Midwest. Having met the management team and seen first-hand the passion they have for the business, having built a nationally recognised full-service M&E contractor from a small family business, we knew we wanted to support the next stage of their growth journey. I would like to thank Heligan for the introduction and their smooth management of the transaction."

Paul Lokucewicz, Managing Director of Midwest Mechanical and Electrical Services Ltd, said: "We are delighted to have completed this refinance with Metro Bank, which provides Midwest with a strong platform to support our continued growth and investment across the MEP sector. Heligan once again demonstrated exceptional efficiency, attention to detail and a deep understanding of our business throughout the process. This is the third transaction we have completed with the Heligan team, and their consistent professionalism and commitment have been invaluable in delivering a smooth and successful outcome."

Heligan's Greg Easter, Ben Robinson and Sim Gill provided advisory support to Midwest on the transaction. The legal advisors involved in the transaction were provided by Shoosmiths, HCR Law and Gateley. Financial Due Diligence was provided by Cooper Parry.

The financial terms of the transaction are undisclosed.

-ENDS-

Notes to editors

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