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Midwest Mechanical & Electrical

Debt refinancing of Midwest Mechanical and Electrical Limited (“Midwest”), a leading provider of specialist M&E services, by Shard Credit Partners.

Heligan Group advised Midwest on their £7 million debt refinancing to provide funds to refinance existing facilities and enable the exit of founder Steve Lokucewicz.  Heligan Group had previously advised the business and its shareholder on their original MBO in 2019.  Midwest is a specialist M&E contractor with clients across the UK in both the private and public sectors, generating impressive growth over the last ten years.

Funds were provided by Shard Credit Partners, a specialist alternative debt lender to UK SMEs, who were selected following a competitive process led by Heligan.

Sector:  Engineering

Location:  Wolverhampton, England

Value:  £10m - 20m

Website:  www.midwest.co.uk

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