Sure Maintenance sold to Lakehouse Group plc

AIM-listed Lakehouse Group plc announced in September 2015 that it had acquired Sure Maintenance Services Limited (“Sure”) for a disclosed initial consideration of £6.5m. Sure is a provider of gas servicing, maintenance and installation to social housing clients throughout the UK.

WayPoint had supported the turnaround of Sure since late 2010 fulfilling the roles of CRO Chairman and CFO. In that period, Sure turned from an indebted and loss-making business in 2010 to a £25m business with strong operating margins.

Nick Winks commented “Sure had turned around very well over the 5 years we had been involved and we were pleased to deliver a good exit for its longstanding PE investor Graphite Capital.”

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