Foresight invests in Welding Engineers
Foresight Group (“Foresight”) a leading regional private equity and real assets investment manager, has announced an investment into Welding Engineers, a company specialising in the service, repair, maintenance, fabrication and installation of all types of industrial doors and shutters.
Industrial doors play a critical role in commercial and industrial environments, designed to withstand heavy use and harsh conditions. They are essential across a range of sectors including manufacturing, logistics and automotive; where health and safety regulations mandates regular servicing, which is a highly specialist skillset.
Since the Company was founded in Glasgow in the 1960s, this family business has grown to become a leading provider of industrial door services. Welding Engineers employs 180 people across six regional branches throughout the UK, providing a national footprint and enabling the company to be close to its customers and employ skilled, local engineers.
PMSI provided CDD to support the transaction, including an assessment of Welding Engineer’s addressable market size and an analysis of the strategies to further accelerate growth through the addition of new servicing and maintenance capabilities. Our work also included a full customer feedback exercise that demonstrated the business’ core value proposition moving forward.
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