Intrinsic Equity-backed Ham Baker acquires five F.J. Holdings subsidiaries

Intrinsic Equity has backed wastewater management design group Ham Baker, acquiring the assets of its flow division, and has acquired the shares of five solvent subsidiaries of F.J. Holdings, a business operating in the same sector, from the administrators at FRP Advisory.

The F.J. Holdings companies acquired were Industrial Valves Limited, Industrial Penstocks Limited, Industrial Pipeline Solutions Limited, IVL Flow Control Limited and FJ Estates Limited.

Stoke-based F.J. Holdings manufactures and supplies bespoke products for the water and wastewater markets.

The group reported consolidated turnover of £30m (€34.99m) in its most recent accounts but faced cash pressures following an expansion into larger, longer-term contracts, FRP Advisory said.

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