Hot deal: A.R.P. Capital Partners acquires Gloucestershire business Glevum Heating (South West Business)
On Jul 29th, 2015
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Growth is the aim behind the takeover of well-known Gloucestershire business Glevum Heating, with plans to turn the firm into a “truly national brand”.
According to its owners the 18-year-old heating and renewable energy services firm’s buy-out by A.R.P. Capital Partners bodes well for the company.
Which will come as welcome news for the 120 staff employed by Tuffley-based Glevum and it is business as usual for its customers.
The management and operational teams all remain unchanged as part of the transaction.
Glenn Smith, co-founder of Glevum Heating, which this year was honoured at the Stroud Life Business Awards for its apprenticeship programme, said: “Lee [Derbidge] and I remain committed to and engaged with the business over the coming years, and are excited by A.R.P. Capital’s unique approach to investing in and supporting great UK businesses such as Glevum.
“Whilst it’s business-as-usual for staff and customers, we truly believe A.R.P. Capital is the right partner to secure a stable, prosperous future for Glevum as an independent yet progressive business.
“The investment, more so than ever before, secures a fantastic future for Glevum where it can continue to support its customers, staff, and other stakeholders within the community both locally and farther afield”
According to Glevum it will benefit from the financial security and operational expertise of A.R.P. Capital’s directors and partners.
The team “collectively bring a unique combination of financial capital and extensive entrepreneurial experience owning and managing fast-growing small and mid-sized (SME) companies”.
In a joint-statement, Raj Patel and Anish Patel, co-managing directors of A.R.P. Capital, said, “Over the last few years, Glevum has built upon its core strength in gas heating services and has quietly become a market leader in the fast-growing renewables sector; with deep expertise across heat pumps, solar and biomass systems.
“We see excellent growth potential through developing new services and delivery models as this market matures, in order to continue to meet the needs of our customers in an increasingly complex and regulated environment.
“There is also a very real opportunity to build on Glevum’s outstanding track record for service quality and brand recognition in and around the region.
“We look forward to managing Glevum’s next phase of growth which will see the company become a truly national brand.”
According to the firm it combines “financial capital with extensive entrepreneurial experience into a tightly-defined industry focus”.
Pictured top: Raj Patel, left, of ARP Capital, congratulates Lee Derbidge, right, founder and director of Glevum Heating, on the takeover of the Tuffley based company, watched by Craig Smith, back left, operations director, Anish Patel, of ARP Capital, and Andy Crookes, business development director.
Pictured above: Gleveum Heating at this year’s Stroud Life Business Awards where it won the Apprentice Development Award.