Evolve Business Group, a UK-based IT solutions specialist, has secured a multi-million-pound investment from private equity firm BGF to drive its UK and international growth plans.
The company, which grew its turnover from £6.8m to over £20m this year, expects to double its revenue and increase its workforce by 40% in three years.
The funding will support a new warehouse in Wigan and further acquisitions. Evolve aims to expand its US presence, currently operating 1,000 sites, into the quick service restaurant sector.
Alan Stephenson-Brown (pictured middle) , Evolve’s CEO, said: “Today’s announcement is a testament to our robust growth and the confidence of our investors and marks a strategic step forward."
Adrian Thirkill, former CEO of CGI, will join Evolve’s board as Non-Executive Chair.
