MSL Surveys Ltd

Heligan Corporate Finance advises Infrastructure Services business, MSL Surveys Ltd, on its multi-million pound sale to Private Equity-Backed, Lucion Group.

MSL are an established provider of modern surveying services, originally founded in 1998, the company has grown its geographical presence to 5 sites across the UK. The business has shown substantial growth across its utility mapping, CCTV and repairs and its land and measured building survey services. 

Lucion Services are market leaders in providing accredited and certified scientific hazardous materials testing, inspection and environmental management solutions, operating with teams and offices across the UK including state-of-the-art laboratories and head offices in Gateshead. The acquisition, supported by Palatine Private Equity and HSBC, is the fourth acquisition into the Lucion Group community in the last 12 months, highlighting steady growth in its inspection, assessment and advisory service lines. 

Managing Director of MSL, Dave Johnson said “The deal provides an opportunity to offer our collective clients a wider service offering and we are looking forward to a bright future as part of the Lucion Group, one that will be beneficial to all our clients. Thank you to the advisers and in particular Heligan Group who supported us on this transaction”. 

Colin Strevens, Partner at Heligan Group said “It’s fantastic to see MSL passing into the hands of a larger complimentary group that will support the business to grow for many years to come. It was a pleasure acting for the shareholders with Heligan having identified a buyer and leading the transaction on their behalf. This deal proves that resilient local businesses remain attractive despite well documented economic and geo-political headwinds”.   


  • Heligan Group (Corporate Finance) - MSL
  • Wright Hassall (Corporate Legal) – MSL
  • LDP Luckmans (Accounting and Tax) - MSL
  • Addleshaws (Corporate Legal) - Lucion
  • BDO (Financial Due Diligence) - Lucion

Contact and queries:

The Business Manager

Heligan Group LLP, The Exchange, 19 Newhall Street, Birmingham, B3 3PJ

Tel: 0121 820 5223

Heligan Group is a trading name of Heligan Capital Partners LLP, a UK limited liability partnership.
Registered in England and Wales No OC400609
Registered office: The Exchange, 19 Newhall Street, Birmingham, B3 3PJ

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