This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

£92m investment fund announced for SME FM businesses

08 March 2017

Launch of the £92m Aliter Capital I fund was announced yesterday, intended for investment in small and mid-sized support services businesses across the UK.

This coincided with confirmation of the fund's first equity investment in the Edwin James Holding (EJH) engineering group.

It was established in 2007 and employs 360 people, with revenues of £37.5m

The fund is claimed to be the first of its kind, targeting the £300bn support services sector that includes FM as a major contributor to this.

Aliter has been founded by Billy Allan, Greig Brown, Andy Galloway and Andrew Busby forming a group of "seasoned support services entrepreneurs", according to the announcement.

The group is credited with building businesses including EJ Stiell, Europa and ASCO Group over the last 20 years.

Businesses receiving investment capital will be assisted in creating organic and acquisitive growth to take advantage of sector consolidation.

Based in London and Glasgow, the group will consider investments throughout all areas of the UK.

Aliter co-founder and managing partner Billy Allan said the group believes "there is a huge opportunity to find and grow these businesses to create national operators and market leaders".

He further stated that the group can offer "a powerful combination of equity investment and hands on experienced operational support" to drive expansion.

"EJH is a great example of the sort of business that we are looking to back, a privately held technical support service business that has an effective management team in place but that is looking for strategic leadership to drive transformational growth," said Mr Allan.

Print this page | E-mail this page


Article image Queen's birthday honour success recorded by two leading FM sector players

Two of those named in the Queen's Birthday Honours List will be known to many in the FM sector.Full Story...

Article image 5 security tips for managing challenging and high-risk environments

When managing a vulnerable or high-risk site, such as those often found in the utilities sector, security is paramount.Full Story...

Managing confidential waste is more important than ever thanks to GDPR

Why the Law Says You Need a Nappy Bin Disposal Service

Finalists announced for the PFM Partnership Awards 2018