TowerBrook

Canaccord Genuity Acts as Exclusive Financial Advisor to TowerBrook on its Acquisition of JSM

Canaccord Genuity is pleased to announce that its client, London-based global investor TowerBrook Capital Partners L.P. (“TowerBrook”), has completed a majority equity investment in JSM Group Services Ltd (“JSM”), a UK-based independent connections provider focusing on high-voltage works for predominantly data centre clients in the UK.

Founded in 1998 by current CEO Stuart Wiltshire and current COO John Scanlon, JSM has built a market leading position providing technical infrastructure services to the UK&I’s Power and Communications markets. The Power division provides high-voltage and extra high-voltage grid connections to its blue-chip customer base across the data centre, battery storage and renewables markets. The Communications division provides core fibre infrastructure network, data centre and mobile network services to a number of longstanding Communications customers. JSM is recognised for its differentiated knowledge and expertise in its core markets, strong operational capability as well as its significant commitment to quality customer service and health & safety.

In recent years, JSM has delivered significant growth, driven particularly by its Power division, which has achieved organic sales growth of 50%+ p.a. over the past 3 years. JSM has successfully developed its market leading position and benefits from trends around growing data demand and connectivity requirements, electrification and decarbonisation. JSM has a large and growing order book and pipeline of over £1.2bn, and a significant opportunity for further penetration into Europe.

TowerBrook brings extensive industrial services experience to support JSM in the next phase of growth, both in the UK and internationally.