Member Article

NorthEdge invest in Leeds heating business

Manchester-based private equity firm NorthEdge has invested in boiler and heating installers Help-Link Ltd.

The Leeds-based firm secured funding from NorthEdge following significant growth over the past few years, which the business achieved after it invested heavily in delivery capabilities and its operational platform.

Help-Link is headquartered in Leeds but has a wide reach across the country as well as a 200-strong workforce and a £30m turnover.

The deal will see NorthEdge’s private equity non-executive Keith Pacey join Help-Link’s board as non-executive chairman, while NorthEdge partner Andy Ball and director James Hall will become non-executive directors.

This is the third deal to come out of the equity investor’s maiden fund, which closed at £225m earlier in April.

Since then the firm has invested in specialist engineering business FPE Global and IT solutions company Jigsaw24.

The investment will support Help-Link’s management team, led by chief executive Mel Butler, sales director, Alan Dickinson, operations director Jim Stephenson and finance director, Alastair Gamage.

James Hall, who led the deal for NorthEdge, said: “Help-Link has grown significantly in recent years, thanks to its willingness to invest in its brand and its obsession with providing customers with what they want, with the quality they expect and at a price that they can afford.

“Help Link is entering an exciting phase of its growth and we are delighted to be part of the next stage of its development.

“[It’s] a Yorkshire success story that has succeeded by putting the customer first and delivering what it promises. Its future is bright and we are delighted to be a part of it.”

Help-Link’s chief executive, Mel Butler, added: “Our ethos is about a quality service and exemplary customer care. That has been the basis for the success of Help-Link.

“Our decision to enter the private installation market has worked well, contributing to the impressive growth of recent years.

“The NorthEdge team has an inherent understanding of the business and is the perfect partner for us as we look to take advantage of opportunities, like the Affordable Warmth scheme.

“The experience and track record Andy Ball and the NorthEdge team bring to the table puts Help-Link in the strongest possible position for future growth.”

This was posted in Bdaily's Members' News section by Miranda Dobson .