Bluebox advises on the investment into CPMS

Bluebox Corporate Finance is delighted to announce it has advised on the investment into Collaborative Project Management Services Limited (“CPMS”) by YFM Equity Partners (“YFM”).

CPMS provides multidiscipline Project Management to the railway system across track, signalling, telecoms, civils, and overhead lines. CPMS has built a very strong reputation for excellence and is one of only seven companies to be awarded top marks under Network Rail’s Performance Supplier feedback process. CPMS has grown quickly due to its reputation for efficient delivery and impressive levels of service. Current annual revenues are almost GBP 10m, and the company employs 60 highly-qualified members of staff.

The business was founded in 2012 by Mathew Baine, Damien Gent, Chris Mackie and Tim Galvini, all of whom will remain with the company following the YFM investment, and will continue to be the majority shareholders. With YFM’s support, CPMS plans to continue its impressive growth over the coming years as investment in rail infrastructure continues across the UK.

Mathew Baine, founder and Managing Director of CPMS, said: 

“I was particularly impressed with the Bluebox pre-sale planning programme, which prompted a number of key recommendations prior to marketing the business, ultimately providing a much more deliverable transaction.

The Bluebox team managed the process expertly and delivered an outcome above our initial expectations, whilst finding a great partner in YFM.

I would have no hesitation in recommending Bluebox to anyone thinking of selling or raising investment for their business, and thank the team for their excellent advice and help over the last year.”

Nick Wallis, Associate Director at Bluebox, added:

“We are delighted to have delivered an excellent deal for the shareholders of CPMS, and truly believe that, in YFM, they have an excellent partner to support the growth of the business through the next rail control period.

Having worked with CPMS for a year prior to completing the deal to ensure that the business was best prepared for when we approached the market, this deal is another great example of the added-value generated through our Blue Diamond pre-sale planning programme.

It has been a pleasure to work with all four shareholders, and we wish the team continued success with the exciting journey ahead.”


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