Entec
Multi-disciplinary environmental consulting
Contributing Sustainable Development Goals
Background
Our investment partnership began with Entec in October 2005. When we were impressed by their strong market position within the industry and their highly experienced management team led by Simon Armes-Reardon.
Entec offer a multi-disciplinary service of engineering design, project management and environmental assessment which enabled them to have a strong market position within their industry with delivery capacity across the UK. With a diverse client base and broad service offering, they had attractive regulatory and legislative demand drivers in water, waste and energy sectors. 60% of their work was underpinned by frameworks.
In March 2010 we 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.
Strategic Clarity
Business Shape
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Strategy - Partnered with management to support the continue to focus on higher margin environmental consultancy to complement water engineering heritage
People & Organisation
Talent & Culture
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Recruitment Engine - Supported significant recruitment to enable fee income to double during the investment period
Delivering the Best Outcome
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High-Quality Delivery - We developed an innovative structure, which enabled management to retain a majority stake
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Maximising Value Through Process - Our strategic input to their successful business plan ensured the 3 years of the partnership recorded rapid growth. We then adjusted it to accommodate market slowdown in 2009 before driving a successful exit in 2010