Coniston Capital has backed the Management Buy Out of Masterfix, one of central London’s leading property maintenance companies. This investment is the first from Coniston Capital I LP which had a first close in July.
Masterfix was founded in 2008 and provides property repair, maintenance and compliance services into the residential, commercial and insurance markets. Masterfix has been led since 2016 by its co-founder and Managing Director Chris Ball and Operations Director Matt Freeman, both of whom will continue to lead the business through its next growth phase.
Coniston has introduced Richard Chappell, former CEO of TCFM, as non-executive Chairman. Chappell took TCFM through a sustained period of growth and is an experienced operator in the property maintenance sector.
PMSI provided CDD for the transaction, our work including analysis of Masterfix’s core building fabric and compliance markets, addressing key topics such as the impact of COVID on UK RM&I activity and the challenges of engineer recruitment and retention.
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