Foresight Group has made a £2m investment into Merseyside-based Fieldway Supplies, a leading provider of fire alarm and electrical installation, maintenance and repair services to a wide range of public-sector bodies and companies across the North West.
Fieldway primarily services Housing Associations, but also provides merchant services, compliance services, project management and shop fitting services to the retail and leisure industry.
Established by Brian Murphy in 2006, Fieldway has experienced strong organic growth in recent years and currently employs 35 engineers. Customers include Transport for Greater Manchester, Onward Homes, Your Housing Group and Plus Dane Housing.
Tony Carden, Fieldway’s Business Services Director, will step up to Managing Director with Brian Murphy remaining as CEO. The investment focus will be on helping the business scale by executing on tenders won through the recently signed FUSION 21, Procure Plus and Re:Allies framework agreements.
Stephan Gueorguiev, Senior Investment Manager, Foresight, said: “We have been very impressed with the level of organic, profitable growth Fieldway has been able to achieve to date. The recently signed framework agreements position the business well for future growth and we look forward to working with Brian, Tony and the team to support Fieldway’s expansion both geographically and introducing additional services.”
Murphy added: “We are delighted to be working alongside Foresight to further develop our offering and enhance our position in the marketplace. Foresight’s experience in supporting businesses and developing UK SMEs will be invaluable to the future growth
of the business.”
Picture shows Fieldway apprentices meeting George Howarth, MP.