Multi award-winning producer, Evolution Aqua, has introduced a £12 million funding from the United Kingdom and Eire’s maximum energetic enlargement capital investor, BGF.
Wigan-headquartered Evolution Aqua is a dressmaker, producer and provider of quite a lot of water filtration merchandise and related apparatus, essentially centered at the aquatics trade for each indoor and out of doors fish care.
The investment will permit the industry to capitalise on formidable enlargement alternatives in core markets and force global enlargement. The numerous minority funding may even permit the present control group, led by means of CEO and founder, Nick Jackson, to increase on software of Evolution Aqua’s marketplace main water filtration era into different vertical markets, together with swimming swimming pools and the all of a sudden rising aquaculture house.
Commenting at the deal, Evolution Aqua’s CEO Nick Jackson mentioned: “Over the last two decades, Evolution Aqua has been at the vanguard of water filtration era, regularly growing merchandise for our wide variety of customers, all of which depend on our merchandise to take care of top water qualities. We at the moment are ready to all of a sudden construct at the platform we’ve created, which can come with launching thrilling new merchandise and increasing our global presence. BGF, with its minority, affected person capital way and versatility, are subsequently a great spouse to embark in this subsequent level of enlargement.”
The deal was once led by means of Neil Inskip and Josh Bean, buyers in BGF’s Manchester group. As a part of the deal, David Algar shall be becoming a member of the Evolution Aqua board as Non-Govt Chair. Sourced via BGF’s Skill Community, David brings a wealth of revel in to the board, maximum not too long ago as Govt Chair and CEO of personal equity-backed fishing take on industry Fox Global, the place he helped double the dimensions of the industry and led a a success go out to a US business purchaser. David may be former CEO of main gardening provider corporate, Hozelock.
Neil Inskip, head of BGF within the North West, mentioned: “Evolution Aqua is a marketplace chief within the out of doors pond and water filtration house, specifically on the higher finish of the marketplace. With a very good popularity for high quality and reliability, coupled with an intensive and rising product vary and critical sector possible, there’s an actual alternative for Nick and the group to maximize their enlargement ambitions and take their award-winning filtration era into untapped markets. We’re overjoyed to be supporting Evolution Aqua in this thrilling adventure, as they target to capitalise at the possible that lies forward.”