Thu, 27 Apr 2023 | BUSINESS NEWS
Ridge and Partners LLP, a multi-disciplinary built environment consultancy, has secured an investment of more than £40 million from Horizon Capital. Part of this new funding will be used by the firm to target more acquisition opportunities as it moves to the next phase of its ongoing growth strategy.
Ridge and Partners, which has 12 UK offices, provides services in engineering, planning, architecture, sustainability, building services, surveying and transport. Along with new acquisitions, the Horizon Capital investment will be used to develop the company’s services by investing in talent in its core disciplines.
M&A activity has formed a core part of Ridge’s “Quality, Innovation and Growth” strategy, which has seen the company grow from £61 million in turnover in 2020 to a projected turnover of £105 million in 2023, while increasing its employee headcount from 577 to 1,000. During this time, the company has completed several acquisitions, including Projex and Scott Hughes Design.
Ridge senior partner Adrian O’Hickey said: “This is a transformational deal for Ridge – a catalyst for some of the most ambitious changes in our strategy. We've already been successful in turning up the dial on this business, introducing new initiatives and developing our people. We want to continue that progress, with the benefit of new investment, while maintaining our core values of quality, collaboration and agility all the way."
“Progressive growth is crucial for us and that means creating better and more sustainable places while offering cutting edge services for our clients and career opportunities for our colleagues.”
He added: "Horizon Capital’s focus on professional services and technology makes them a strong fit for Ridge and protects the personal culture of our 75-year-old business. Horizon understands the personal touch that distinguishes the Ridge culture and our willingness to exploit the latest technology to work more efficiently and more accurately."
Michael Stace, part of a Shakespeare Martineau team that advised Ridge on the deal, commented: “Ridge is a quality business that has enjoyed significant growth in the recent past and I am sure this investment will continue that trend and make a positive impact on its people and innovation.”
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