Altium advises Zeus Private Equity on secondary buy-out of MJ Quinn

Altium, an independent, pan-European investment banking group, has advised Zeus Private Equity on the structure of its secondary buy-out of MJ Quinn Integrated Services in a multi million pound transaction.

MJ Quinn was formed in 1979 to offer electrical contracting services in Liverpool, before expanding its service offering to incorporate London Underground and surface rail from its London operation.

It has been involved on electrical, mechanical and fire protection work for the London Underground and the rail sector since the early 1980s.

In addition, the company serves clients in health trusts, the Ministry of Defence and universities, offering electrical, security, fire and mechanical maintenance and air conditioning service lines.

The business generated turnover of circa GDP30m in 2008.

Gary Tipper and Ed Fazakerley of Zeus Private Equity will join the board as non-executive directors and Gary Howse has been appointed as chairman.

Simon Lord, managing director of corporate finance for Altium, who led the deal assisted by David Foreman, says: 'MJ Quinn is well positioned for work on rail and Underground projects due to its multi-disciplinary service offering ranging, from electrical through to communications and fire maintenance.

'It is expected that over the next five years that the main constraint on infrastructure projects in London will switch from demand to capacity and with Zeus Private Equity's backing, MJ Quinn can secure its position as the one of the sector's leading service providers and look forward to sustainable growth.'