M&A Advisory

Think Hire

Adviser to YFM equity partners on its investment in Think Hire, Think Energy Group’s relocatable renewable power business.

The deal

FRP Corporate Finance supports equity investment in renewable power solutions business

We’re pleased to have supported YFM Equity Partners (YFM) in completing a substantial investment into the future growth and innovation of Think Hire, Think Energy Group’s relocatable renewable power business.

YFM’s investment will enable Think Hire to undertake the next stage of its development by significantly growing its asset hire fleet, extending its distribution network across the UK, and ramping up investment in developing new products and services to help clients meet their net zero goals.

Established in 2018, Think Hire was created to enable the construction sector to improve its environmental performance in the face of the climate crisis. The business has doubled its revenues year-on-year since 2020. There are currently 20 people in the business, with plans to grow this nationally over the next few years.

YFM Equity Partners were advised by our FRP Corporate Finance team in Manchester, including Corporate Finance Partner Heath Snyder, Debt Advisory Director Andy Pickford and Associate Director Alex Starling.

YFM typically invests between £2 million and £10 million into businesses with strong growth potential located across the UK through a regional network of offices in London, Leeds, Manchester, Reading and Birmingham.

Heath Snyder, Partner at FRP Corporate Finance, said: “Think Hire’s company mission is to provide innovative, cutting-edge products to meet the UK infrastructure sector’s demand for cleaner, greener, and more cost-effective off-grid power generation. We are seeing more private equity investors like YFM investing in businesses that are delivering growth through the green energy revolution, of which Think Hire is an outstanding example. It has been a pleasure to help YFM in this transaction and we look forward to seeing the investment unlock Think Hire’s full potential in the years ahead.”

Dan Freed, Partner at YFM Equity Partners, said: “What makes Think Energy Group such a compelling investment opportunity is that it is aligned technically and strategically to the UK infrastructure sector, which has strong tailwinds underpinned by record levels of government commitment to future investment. This, coupled with their innovative and sustainable product offering making Think Energy Group a differentiated green power specialist, is why we are so excited about this investment.”

Deal summary

Date:

December 2022

Sector:

Business services

Deal type:

Raising Capital

Deal size:

Undisclosed

We are seeing more investors like YFM investing in businesses that are delivering growth through the green energy revolution. Heath Snyder Corporate Finance

Related team

Heath Snyder

Heath Snyder

  • Partner
  • Corporate Finance
  • Manchester

Andy Pickford

Andy Pickford

  • Director
  • Debt Advisory
  • Manchester

Alex Starling

Alex Starling

  • Associate Director
  • Corporate Finance
  • Manchester