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LDC-backed Stonbury adds engineering firm MTS in second deal in two weeks - PEI Private Equity

Reported by Private Equity International
Nov 4, 2026· 1 min read
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Key Takeaways
  • • LDC-backed Stonbury has acquired MTS, an Oxford-based engineering services firm, marking its second acquisition in roughly two weeks, according to PE Hub.
  • • MTS (MEICA Technical Services) is a specialist in mechanical, electrical, instrumentation, control and automation projects serving the water and utilities sectors.
  • • The deal is part of a buy-and-build strategy by Stonbury, which is backed by LDC, the UK mid-market private equity arm of Lloyds Banking Group.
  • • Deal value was not disclosed in the available source material.
Summary
Stonbury, a business services platform backed by LDC, has added MEICA Technical Services (MTS) to its portfolio, according to PE Hub. The acquisition is the second deal Stonbury has completed in roughly two weeks, indicating an active buy-and-build programme in the UK engineering and technical services space.

MTS is an Oxford-based specialist in mechanical, electrical, instrumentation, control and automation (MEICA) projects. The firm focuses on the water and utilities sectors, where regulated capital investment and asset maintenance create recurring demand for specialist engineering contractors. The source material does not disclose the purchase price or the seller.

The transaction sits within the broader Stonbury strategy of consolidating fragmented UK technical services businesses under a single platform. Repeated add-on activity over a short window suggests a deliberate integration pipeline, though the source does not detail the financial terms or post-deal integration plans.

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Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Private Equity International LDC-backed Stonbury adds engineering firm MTS in second deal in two weeks - PEI Private Equity