Press Releases
Founded in 1979 and led by a seasoned management team with over 35 years of experience in the field, WPI is a leading civil engineering, surfacing, construction and remediation services provider to top-tier homebuilders in North-West England, helping to address a structural shortage of housing in the UK market. Since its establishment, the company has grown into one of the most respected civil engineering and surfacing firms in the country.
Throughout the c.5.5-year holding period, Three Hills has worked closely with management to achieve organic growth by diversifying the client base, securing several long-term high-quality clients, and improving operational infrastructure, helping to reduce overheads.
Despite facing several macroeconomic headwinds, not least COVID-19, and the prevailing UK housing crisis, WPI remained profitable and cash-generative throughout. This is also a reflection of Three Hills’ underwriting process, which valued the business for its resilient nature and downside protection.
In January 2024, THCS II received a full repayment of its loan, and the amounts pursuant to the put option, resulting in a full exit.