Entec

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

Sector
Services
Region
Yorkshire and North East
Date of investment
October 2005
Exit date
March 2010
GCP team members
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.

People & Organisation

  • Supported significant recruitment to enable fee income to double during investment period

Delivering the best outcomes

  • 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

Funding for growth

  • We developed an innovative structure, which enabled management to retain a majority stake

Driving Growth

  • Partnered with management to support the continue to focus on higher margin environmental consultancy to complement water engineering heritage

Systems & Processes

  • Management systems already excellent having come out of a listed water utility

More Realised Investments