Private equity firm, Foresight Group, is investing £4.6m in Wirral Roofcare.
Founded in 1982, Wirral Roofcare is a family business supporting housing associations, outsourced service providers, insurers and domestic customers with emergency and planned roof repair and maintenance services.
A pan-regional player with contracts in the social housing sector across the North West, North East and Midlands, the company has now grown to a team of 80 people and annual revenues of £7m.
Following the investment, the company’s founders, Herbert and Denise Williams, who are retired, have fully exited the business, while their son, Scott, will remain a shareholder and continue as Managing Director.
Experienced entrepreneur, Brian Murphy, founder of the Merseyside-based Fieldway Group, which is also backed by Foresight, has joined the Birkenhead-based business as Chair to support Scott and the management team on the next phase of growth.
PMSI provided CDD to support the transaction, addressing critical investment themes such as: the size and growth of roof maintenance service within social housing, commercial and public sectors; key dynamics and drivers within the market; as well as an assessment of Wirral Roofcare’s competitive positioning.
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