Yahoo News £5.5m investment to take Stockton roofing firm TaperedPlus to new heights
Roofing company TaperedPlus is set for significant growth after securing a £5.5m investment from BGF.
The Stockton-based firm was launched in 2014 by Aman Chahal and Robert Vass and specialises in flat roof design and insulation, including architectural design services for complex flat and tapered roof projects. The firm’s deal will see BGF back its ambitious growth plans, while also providing an exit for original investor Comhar Capital. The finance will help the Tees Valley business bring a new technology focus to the company.
The company, which also has a technical design studio in Wolverhampton, operates across sectors including health, education, and retail and also provides services in technical specifications such as BIM, acoustic, thermal measuring, and surveying. The investment from BGF, the UK and Ireland’s most active growth capital investor, marks a significant milestone for the TaperedPlus bosses as they aims to take the business to new heights.
Since 2020, the firm has seen strong growth, increasing its workforce by 70%, tripling revenues and securing B-Corp accreditation in 2023 for its sustainable approach within the roofing sector. As part of the investment, Martin Holt will join TaperedPlus as a non-executive chair.
Aman Chahal, co-founder and CEO of TaperedPlus, said: “Following a great relationship with Comhar Capital, we were seeking an investment partner to help us expand further while maintaining control of the business. BGF stood out for their culture, values, and relationship-led approach. We are excited to work together to take TaperedPlus to the next level.
“This investment reflects our growth ambitions and commitment to enhancing customer experience through innovative solutions and strategic partnerships.”
Rob Johnson, BGF investor, added: “We’re thrilled to back Aman and Rob, who have positioned TaperedPlus as a leader in its field, with innovation and sustainability at the core of their operations. We look forward to supporting the team and aligning our patient capital model with their vision for growth.”
Comhar Capital managing director Craig Wilkinson said: “It has been a pleasure working with Aman and Rob. We’re delighted they’ve found a partner in BGF to continue their impressive growth journey. We wish them all the best for the future.”
Legal advice for BGF was provided by Paul Mann, Hannah Crosland, Joshua Lodge, and Sarah Hardman of Squire Patton Boggs while tax advice was provided by Nick Millward and Stephen Allender of BDO.Corporate finance advice for TaperedPlus and Comhar Capital was provided by Paul Herriott, Roger Esler, Matthew Spence, and Mike Barker of Dow Schofield Watts and legal advice by Dahren Naidoo and Fiona Woodhead of Freeths.
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