PKF Smith Cooper advises on strategic sale of Millenium Site Services to Maple House Capital
Added by Love Business East Midlands | 31 October 2025
UPDATED: 4 November 2025
PKF Smith Cooper is proud to have acted as lead Corporate Finance adviser to the family shareholders of Millenium Site Services, a market-leading site services provider headquartered in Derby, in their successful sale to Maple House Capital, led by Innocent Udia.
Founded in 2000 by Lee Quince, Millenium Site Services has grown into a nationally recognised one-stop-shop for spray painting, repair, and engineering services, predominantly serving the rail repair and refurbishment sector. The company’s flexible service model, that offers both on-site and in-house solutions, enables efficient and cost-effective refurbishment of trains, trams, and other vehicles, and helps clients reduce downtime and improve operational performance.
The acquisition marks a significant milestone for Millenium, positioning the business for continued expansion across the UK’s transport infrastructure sector. With its RISQS accreditation, ISO certifications, and a client base including Hitachi, Alstom, and East Midlands Railway, Millenium is well-placed to build on its reputation for excellence.
Maple House Capital is a UK-based investment firm focused on thoughtful business succession and long-term value creation. Founded and led by Innocent Udia, Maple House operates as a search fund seeking to acquire and actively manage a single established business with strong fundamentals and growth potential.
The transaction involved the sale of Millenium Site Services (UK) Limited and Millenium Properties Limited, with shareholders Lee and Debra Quince and Danielle Clarke, who were advised throughout by PKF Smith Cooper’s corporate finance team.
The team at PKF Smith Cooper assisted during the sale by preparing and positioning the business for sale, developing an information memorandum and dataroom, identifying and engaging potential buyers, and managing the due diligence process through to completion.
The transaction team at PKF Smith Cooper was led by Corporate Finance Director David Crump, supported by Assistant Corporate Finance Manager Callum Leslie. Gary Devonshire, Tax Advisory Partner, provided specialist tax advice to the sellers, ensuring the transaction was structured efficiently from a tax perspective.
Legal advice to the sellers was provided by Flint Bishop. The team comprised Martyn Brierley, Partner and Head of Corporate, Mark Wilcock, Corporate and Finance Partner and George Ottewell and Robert Devine, Corporate and Finance Solicitors, and Janet Rhodes, Partner and head of the Commercial Property Team, who led the legal workstream throughout the transaction.
On the successful sale, David Crump commented:
“Millenium Site Services is a fantastic example of a family-run business that has grown through a commitment to quality, flexibility, and deep sector expertise. It was a privilege to support Lee, Debra, and Danielle in finding the right buyer to lead the next phase of the company’s journey. We were particularly impressed by Innocent’s clarity of vision and commitment to long-term stewardship, which aligns well with the values and legacy of the Millenium team. We wish the team and Maple House Capital every success moving forward.”
Martyn Brierley commented:
“It was a pleasure to work alongside the shareholders and the wider advisory team on this transaction. Millenium is a standout business with a strong reputation in its sector, and this deal represents a great outcome for all involved. We wish Innocent and the team every success as they take the business forward.”
Lee Quince, Founder of Millenium Site Services, commented:
“Selling the business was a huge decision for our family, and we’re incredibly grateful to PKF Smith Cooper for guiding us through every step with professionalism and care. Their advice was invaluable throughout. We also appreciated the support from the team at Flint Bishop, who ensured the legal process ran smoothly and efficiently.”
Maple House Capital was advised on the acquisition by Buzzacotts and Marriott Harrison. Browne Jacobson advised HSBC who provided debt funding for the transaction.
For more information about Millenium Site Services, visit www.milleniumsiteservices.co.uk.
To learn more about Maple House Capital, visit www.maplehousecapital.com.
