The deal was led by Pinesh Mehta and Josh Bean, Investors in BGF’s Manchester team.
As part of the investment, Adrian Thirkill will join Evolve’s board as Non-Executive Chair. Thirkill was CEO at former BGF backed business GCI, one of the UK’s largest privately owned ICT service providers.
Mehta says: “Evolve has a strong track record of achieving top line growth through a loyal and longstanding customer base that spans ten countries, with over 6,000 sites now managed by the business across the globe.”
“That strength and depth, in both proposition and presence, is driven by a highly experienced management team who have the experience to a scale a business in a robust marketplace that has significant potential.”
“Business and support services is a sector that BGF understands inside and out, having invested more than £350 million into it, supporting in excess of 50 businesses.”
“Our credentials, combined with Evolve’s ambition and expertise, makes this an extremely exciting deal and we’re delighted to be joining the team as they embark on this exciting chapter.”
“BGF has the right level of experience we need as an ambitious and fast-growth business, with the added benefits of a dedicated Value Creation team and strong network. Its strong reputation for supporting dynamic and exciting businesses on a wide range of growth strategies makes them an ideal partner as we enter the next phase of our growth journey,” says Stephenson-Brown.
2024 RTIH INNOVATION AWARDS
The QSR space is a key focus area for the sixth edition of the RTIH Innovation Awards, which is now open for entries.
The awards, sponsored by CADS, 3D Cloud, and Retail Technology Show 2025, celebrate global tech innovation in a fast moving omnichannel world.
It’s free to enter and you can do so across multiple categories.
Key 2024 dates
Friday, 25th October: Award entry deadline
Tuesday, 29th October: 2024 shortlist revealed
30th October-6th November: Judging days
Thursday, 21st November: Winners announced at the 2024 RTIH Innovation Awards ceremony, to be held at RIBA’s 66 Portland Place HQ in Central London.