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DWF advises on sale of majority stake of Workdry International to Arcus Infrastructure Partners

27 September 2022

DWF, the global provider of integrated legal and business services, has advised the shareholders and management of UK-based Workdry International Limited on its sale to Arcus, an independent fund manager investing in European infrastructure assets.

Workdry International is the holding company of Selwood a pump manufacturer and rental solutions provider, and Siltbuster, an on-site water treatment and wastewater processing solutions provider.

With 21 branches and 490 employees, Hampshire-based Selwood is the UK’s leading pump rental engineered solutions company, and a manufacturer of pumping equipment for sale domestically and internationally. Siltbuster, based in Monmouth, Wales, and employing 77 members of staff, are the UK’s number one specialists in rental of assets to provide on-site water treatment, wet waste processing and the prevention of waterborne pollution. Together the businesses own 5,500 pumps and 3,000 wastewater treatment systems. It reported revenues of €95 million for 2021 and was ranked just outside the IRN100 listing of the world’s largest 100 equipment rental companies in the latest listing published in June this year.

The multi-office DWF team acting on the sale was led by London based Corporate Partner Alistair Hogarth, who has acted for Workdry International and Selwood for 25 years. Alistair was supported by Will Munday (Senior Associate, Liverpool) and Graham Tait (Associate, Glasgow) along with critical support from colleagues across the UK including Colin Greig (Partner, Pensions, Glasgow), John Toon (Partner, Tax, Leeds) and Richard Birks (Partner, Real Estate, London) and Charlotte White (Senior Associate, Real Estate, London).

Alistair Hogarth said: "What a monumental day this is for everyone at Workdry International and Arcus. This was an intricate deal that required the involvement of a number of teams across DWF who worked tirelessly to get this over the line. Having been involved with Workdry and Selwood for the past 25 years, I'm proud to have been a part of the growth that has made them the success they are today, and they will be a great addition to Arcus's portfolio."

Richard Brown, CEO of Workdry International said of DWF: "I want to thank the whole team at DWF for the dedication and commitment that they gave to the project, we have been very fortunate to have been able to work with such a great group of people."

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