An IT services provider has secured significant investment to fuel ambitious UK and global growth plans.
The Wigan-based firm aims to double its turnover in the next three years, leveraging new funding to enhance infrastructure and expand into new markets.
Significant Investment from BGF
Evolve, a provider of managed network solutions, has secured a multimillion-pound investment from BGF. This investment marks a major step forward for the company, which has experienced impressive growth since its founding in 2005.
Impressive Growth and Future Targets
The funding received will support Evolve’s ambitious UK and global expansion plans. The firm has a particular focus on growing its presence in the US market, where it currently operates over 1,000 sites.
Expansion in the US Market
The national and international headcount is set to increase by 40% over the next three years, reflecting the company’s growth aspirations.
CEO’s Vision for the Future
He highlighted the strategic value of the investment, emphasising Evolve’s commitment to innovation and customer experience. “We are excited about the opportunities this investment will unlock,” he stated.
BGF’s Role and Support
As part of the investment, Adrian Thirkill will join the board as a non-executive chair, bringing extensive sector and strategic experience from his previous role as CEO of GCI.
Background and Expertise
BGF has a history of supporting dynamic businesses and has invested over £350m in the business and support services sector. Their partnership with Evolve is expected to be highly synergistic, benefitting from BGF’s expertise and network.
Advisers on the Deal
On BGF’s side, Hill Dickinson provided legal advice, Vim Vithaldas looked after financial due diligence, and SBR Consulting handled sales due diligence. Tax advice was also given by Hurst and ESG by Holtara.
The multimillion-pound investment from BGF is set to propel Evolve’s ambitious UK and global expansion plans.
With a clear focus on innovation and growth, Evolve aims to double its turnover and significantly increase its workforce over the next three years.