Bregal Freshstream buys Bolton-headquartered multi-discipline specialist contractor Taziker Industrial
Bregal Freshstream has invested in Taziker Industrial (“Taziker”), a multi-discipline specialist contractor providing protective coatings, structural refurbishments and minor civils to the rail, road, marine and utilities industries.
A family-backed business headquartered in Bolton, Taziker evolved out of a painting company set up by Tom Taziker in 1969 and today delivers its core services of steelwork, surface preparation and scaffolding across a variety of landmark structures, bridges and industrial complexes.
It now employs over 580 people across the UK and has provided bridge strengthening and maintenance on sites such as the Tay Bridge in Dundee and the Royal Albert Bridge in Cornwall as well as surface preparation on infrastructure assets such as the Jodrell Bank Telescope in Cheshire.
Today, almost three quarters of Taziker’s business is derived from the rail industry thanks to the Group’s status as a Principal Contractor for Network Rail. Taziker has also recently secured a framework agreement for London Underground’s Station Works and Improvement Programme (“SWIP”).
As a result of Bregal Freshstream’s investment in the business, Taziker will now look to accelerate its growth plans, further developing its people and services with the aim of continuing to be a leading choice in structural repair and refurbishment in the UK.
This deal marks the second investment by Bregal Freshstream, following the successful launch of its €600m maiden fund in 2015, having secured a majority stake in Belgian self-service restaurant chain Lunch Garden in December 2015.
The investment was led by Rayhan Davis, Giles Marshall and Julien Millet at Bregal Freshstream.
Commenting on the investment, Chief Investment Officer, Rayhan Davis said: “Taziker Industrial is a fantastic example of a thriving and entrepreneurial British business that has established itself in a highly technical niche. They have a skilled management team, a proven business model and significant growth potential given the enormous investment that is being made in the UK’s infrastructure assets. We hope to build on the Group’s fantastic foundations and are tremendously excited about the future.”
Graham Moor, Managing Director at Taziker Industrial, commented:
“Having helped build up this business, I am delighted to start this new chapter with Bregal Freshstream. We have worked hard to establish Taziker Industrial as a leading specialist in the market, providing technical expertise in a highly regulated, critical operating environment and this investment will allow us to achieve the next stage in our development, taking Taziker Industrial into new markets and expanding upon our core service offering.”
Source: Bregal Freshstream Press Release