Business Growth Fund in £5m investment with Ballymena building facade company
BALLYMENA building facade firm, Clarke Group, has secured £5 million funding from capital investor BGF.
The family-owned business specialises in design-led facade projects for high-rise commercial and residential buildings.
It was founded in 1996 by Michael Clarke and among its clients, it counts Berkeley, Morgan Sindall, and Balfour Beatty.
In recent years the company has grown 25 per cent year on year, delivering revenue close to £30m in 2022 alone.
In June, the business also opened a new head office and off-site manufacturing facility in Ballymena to support team expansion as it aims to become an industry leader.
The investment from BGF will provide Clarke with working capital as it continues to scale across the UK and Ireland.
BGF’s Talent Network has also introduced Adrian Ringrose, an experienced leader within the construction industry, to the business as Non-Executive Chair.
Eugene Clarke, Managing Director of Clarke, said: “With increased regulation regarding the fire safety of high-rise buildings post-Grenfell, the demand for safe and sustainable façades and cladding has increased. Our market-leading designs and sector-experienced team mean we’re fast becoming the partner of choice for top-tier construction firms across the UK.
“It was important for us to find an investment partner that could provide not only capital, but also expertise at Board level to support the company as it scales.”
Chris Nixon, Investor at BGF, said he believes the business is “perfectly primed to take further market share in the coming years”.
He said: “We’re delighted to be supporting the business at such a pivotal point in their growth journey.”