Renewable energy specialist doubles headcount and revenue amid investment

Think Hire, the renewable energy business, which has helped clients cut millions of tonnes of CO2, is on track to more than double its revenues after receiving significant private equity backing from YFM Equity Partners at the end of 2022.

The business, which delivers relocatable renewable energy generation and power management solutions for construction and infrastructure sector clients, has capitalised on recent funding with a raft of new hires, including senior appointments.

Senior additions to the team include Simon Taylor as newly appointed operations director, Peter Clarkson as CFO and Gaurav Batra as non-executive chair. The business is expanding at pace and will have a 50-strong team in place by the end of the current financial year, growing from a team of 20 prior to the private equity funding.

The investment capital has also enabled Think Hire to move to new strategically located headquarters in Greater Manchester, where it is expanding its first-class manufacturing and customer management operations.

Additionally, as the business seeks to support more clients, across the UK it is developing new depots in the South and Midlands to complement its recent expansion into Scotland. The business has doubled its revenues year-on-year since 2020, with the current financial year set to follow this trend.

Neil Richardson, managing director of Think Hire, commented: “Think Hire’s mission is to help our infrastructure clients deliver great construction projects using the most innovative and climate-friendly technologies.

“The business has gone from strength to strength since launch in 2018 and we are very pleased that YFM’s investment and support will help us continue and accelerate this journey.

“Already, we are starting to see the benefits from the investment by putting in place the key pillars on which we will build the next phase, and by accelerating our product and service innovation. We look forward to working with the YFM team during the next phase of Think Hire’s development.”

Dan Freed, Partner at YFM Equity Partners, added: “We are proud to be part of Think Hire’s continued growth trajectory. We recognised straight away that the business’s pioneering product range and expert insight into the needs of the infrastructure and construction sectors offered excellent growth potential.

“We remain committed to supporting Think Hire in its mission to help clients cut carbon and protect the environment, as a stand-out green power specialist.”

By Matthew Neville – Senior Correspondent, Bdaily

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