Black & White Engineering needed the right investment partner to support its continued international expansion while preserving the culture, leadership and technical excellence that had underpinned its success.

Founded in 2007, Black & White Engineering is a multi-award-winning global engineering consultancy delivering mechanical, electrical and plumbing design solutions across a range of industries.

With more than 500 employees across 23 countries and over 110 clients worldwide, the business has built a leading position in data centre engineering, with a reputation for innovative, efficient and sustainability-led design.

The transaction was driven by growth ambitions. The shareholders were seeking a strategic investment partner that could help accelerate international expansion, broaden service capabilities and support the next phase of growth in a resilient, high-demand sector.

Black & White Engineering logo

K3 Deal Advisory advised Black & White Engineering throughout the transaction, led by Dave Gardner.

The business was positioned as a high-growth international platform operating in the fast-expanding data centre engineering market. A targeted process engaged private equity investors with proven international expansion expertise and experience of scaling professional services businesses.

A key priority throughout the process was finding a partner that aligned strategically and culturally with the management team’s long-term vision, while also delivering a strong outcome for shareholders and preserving continuity of leadership.

The transaction resulted in a significant investment from Waterland Private Equity, providing Black & White Engineering with access to capital, acquisition expertise and international support to accelerate its next phase of expansion.

Founder Mick Cairns remains as CEO alongside the existing leadership team, ensuring continuity as the business builds on its strong market position and global footprint.

The deal also reflected Waterland’s confidence in Black & White’s leadership, scalable model and established reputation within the growing data centre engineering sector.

Black & White is an incredibly dynamic business that has established itself as a true market leader. It has been a pleasure working alongside Mick and his exceptionally talented management team. We have every faith that the partnership with Waterland will lead to an exciting and successful next chapter.

Dave Gardner, Managing Director, K3 Deal Advisory

We are delighted to be partnering with Waterland and leveraging their track record of international growth and acquisition experience. We are looking forward to supercharging the momentum we have built, with Waterland acting as a hands-on partner which supports our vision and ambitions.

Mick Cairns, Founder and CEO, Black & White Engineering

Mick Cairns is an impressive entrepreneur who has built an outstanding business. We look forward to supporting Mick and the senior team in this next chapter and will continue to back their philosophy of investing in people and working together with the best talent to create a global leader in engineering for the data centre market.

Wendy McMillan, Partner, Waterland Private Equity