Entec

Multi-disciplinary environmental consultancy focused on water, waste and energy sectors

  • Sector: B2B services
  • Location: North East
  • Date of investment: Oct-05
  • Exit date: Mar-10
  • GCP board member: James Blake

About

  • Leading environmental and engineering consultancy with 14 offices throughout the UK
  • Multi-disciplinary service provider offering engineering design, project management and environmental assessment to a broad range of markets mainly related to water, waste and energy
  • Strong market position in water engineering through its relationship with its former parent and a growing presence in environmental consultancy

Why we invested

  • Highly experienced and proven management team led by Simon Armes-Reardon
  • Diverse client base and broad service offering – 60% of work underpinned by frameworks
  • Attractive regulatory and legislative demand drivers in water, waste and energy sectors

How we made a difference

  • Innovative structure, which enabled management to retain a majority stake
  • GCP provided the flexible funding platform to enable the business to grow organically and increase margins by focusing on pure environmental rather than engineering consultancy
  • Strategic input on successful execution of the business plan through first three years of rapid growth, then adjusting course to accommodate market slow down in 2009
  • GCP led the exit agenda with management that resulted in the sale to Amec who saw a good strategic fit with their European Earth and Environmental business

It’s undoubtedly a partnership. There’s a real harmony in our objectives for growing the business.

Simon Armes-Reardon Managing Director, Entec