Evolve Business Group secures multi-million-pound investment from BGF to fund international expansion.
The funding from BGF will support international growth, infrastructure development, and targeted acquisitions.
Evolve Business Group provides end-to-end managed network and IT solutions to clients across retail, hospitality, and petroleum sectors. Based in Wigan, the firm helps organisations reduce operational costs and simplify service management.
Evolve Business Group has secured a multi-million-pound investment from growth capital investor BGF to support its domestic and international expansion strategy. The funding will target growth in the United States and the quick-service restaurant sector, alongside infrastructure upgrades and workforce expansion. BGF led the transaction through its Manchester team, bringing seasoned executive Adrian Thirkill to the board as non-executive chair.
Founded in 2005, the Wigan-based network and IT specialist has experienced significant growth over recent years, scaling turnover and expanding its global footprint. The fresh capital will enable the firm to pursue further acquisitions and increase its headcount significantly over the next three years as it builds upon its established presence across ten countries.
From the founder
"Today’s announcement marks a pivotal moment in Evolve’s journey. The investment from BGF is not just a testament to our robust growth and the confidence of our investors, it’s also a strategic step forward in advancing our mission to innovate in our industry, and take the pain out of connectivity for our customers. We are excited about the opportunities this investment will unlock and remain committed to delivering unparalleled value to our stakeholders."
Alan Stephenson-Brown
CEO at Evolve Business Group
Investor perspective
"Evolve has a strong track record of achieving top line growth through a loyal and longstanding customer base that spans 10 countries, with over 6,000 sites now managed by the business across the globe."
Pinesh Mehta
Investor, BGF
Use of funds
- 01Expand into international markets
- 02Build out infrastructure
- 03Fund acquisitions
- 04Grow the team
Investors
Categories
About the company
Evolve Business Group
Specialist in end-to-end managed network and IT solutions for multi-site businesses.