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Macdonald Henderson Advises JWF on Purchase of Stream Measurement - 29th October 2019 - Click for larger version Macdonald Henderson Advises JWF on Purchase of Stream Measurement - 29th October 2019

Macdonald Henderson has advised Glasgow-headquartered JWF Process Solutions Ltd, engineering specialists in measurement and instrumentation products and services, in gaining a UK-wide operational footprint with the acquisition of Manchester-based flow measurement specialist Stream Measurement Ltd.

Founded in 1962, JWF has UK and international customers across the Oil and Gas, Food and Beverage, Chemical and Petrochemical sectors and counts Repsol, Chrysaor, Apache, Nestle, Diageo, Macallan, Ineos, PetroIneos and Babcock International among its client base.

Stream Measurement, established in 1999 following a management buy-out from Schlumberger, covers the Utilities, Energy, Automotive, Food and Beverage and Pharma sectors, with key customers including National Grid, Centrica, Phoenix Gas, Thames Water, Boots Manufacturing, Greencore, BMW and Astra Zeneca.

The combined group will have turnover in excess of £10 million, headcount of 37, UK-wide coverage, an extended partner network, strong synergies and enables JWF to further develop its service-related activities. JWF, who moved to a new world-class facility in 2015 and also has operational bases in Aberdeen and Teesside, offers a full package of instrument and measurement solutions encompassing instrumentation, metering, flow surveys, commissioning, calibration and tank calibration.

Kenneth Fairbairn, Chief Executive of JWF Process Solutions, said: “JWF’s unique position in the market is underpinned by the partnerships we have in place with manufacturers across the globe, relationships that allow us to select the best solution to meet client expectations such as technical specifications, quality, materials, delivery timescales and cost - which are all crucial to our customer base.

The acquisition of Stream Measurement gives us added strength in existing and new industry sectors, a high-quality team of people who share our customer-first focus, UK-wide reach and the opportunity to build an even stronger services division at the combined group.”

About Macdonald Henderson, Mr Fairbairn commented:

“JWF is a long established family business (founded in 1962) and Project Blu (the acquisition of Stream Measurement) represented the first corporate acquisition by the current management of the company since 2000.

From the outset, Macdonald Henderson provided to be an able and committed partner, taking forward the transaction with energy and diligence. Timelines were adhered to, processes explained, and, at the essential point(s) in the transaction, constructive and fruitful negotiations were led with assurance and dexterity.

David (Beveridge), Hilary (Malone) and the MH team made a point of establishing good working relationships, not only with JWF’s corporate finance advisors (AAB) but also with the sellers’ advisors – leading to a transaction played out in a good spirit. We’d have no hesitation in recommending Macdonald Henderson’s people and services.”

Last updated: 11.39am, Friday 1st November 2019

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