NorthEdge Capital has invested in Help-Link Limited, the Leeds-based boiler and central heating installation specialist.
The investment, NorthEdge’s third from its maiden £225million fund, backs the growth ambitions of Help-Link and its management team.
Founded in 1998, Help-Link is the UK market-leader in boiler installation and maintenance. The company has enjoyed considerable growth over the past three years having invested heavily in its delivery capability and operational platform. This has allowed the Company to offer exceptional customer experience using the best products in the market at an affordable price.
NorthEdge’s investment will be used to further accelerate the company’s growth plans to increase its market share of the boiler installations and service market. It will also allow Help-Link to expand its brand further into other areas.
The company is headquartered in Leeds but very much has a national platform. It employs over 200 people and has turnover of over £30million.
The deal is the third transaction by Leeds and Manchester-based NorthEdge from its maiden fund, which closed at £225million earlier this month. It follows the investments into FPE Global, the high-growth specialist engineering firm, in February, and Jigsaw24, an Apple and creative IT solutions provider, earlier this month.
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.
Stuart Warriner, Andy Kerr and Charlie Ross from PwC’s Leeds office provided corporate finance advice to NorthEdge on the transaction. Paul Land, of Tennant Land, provided corporate finance advice to the vendors.
Nigel Ward, Kevin Barnard and Christopher Bollough of PwC’s Leeds practice provided financial due diligence advice.
Robin Illingworth of Armstrong Transaction Services provided commercial due diligence.
Legal advice to NorthEdge was provided by John Hamer and Joy Irving of Walker Morris in Leeds.