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The wind energy industry is growing rapidly and there are more opportunities than ever for our business to expand our offering on the back of rising demand for our services. Our partnership with LDC will help us to respond to the growing demand for our services at pace and continue to invest in our expert technicians, whose exceptional service is the foundation of our customer relationships.”

Julian Cattermole, CEO
Boston Energy

The investment was led by Dan Smith, Partner and Head of Yorkshire at LDC, Investment Director James Marshall and Investment Manager Anthony West.

Dan Smith, Partner and Head of Yorkshire at LDC, added: “Boston Energy is a high-quality service provider in a sector that will play an essential role in the global transition towards net zero. The business’ success is also a great example of a homegrown company with international reach that is raising the profile of the Humber as a global renewable energy hotspot. We’re looking forward to supporting Julian, Mark and the rest of the team as they continue to drive the business forward in the years ahead.”

LDC’s commitment to embedding ESG performance across all levels of its business ranges from ensuring its own operations are net zero by 2030, to working with its portfolio company management teams to successfully transition to a low carbon economy, to helping the UK’s future business leaders through its partnership with The Prince’s Trust.

Boston Energy and the sellers were advised by KPMG, who provided Corporate Finance (led by Christian Mayo and Jordan Raiye), Legal and Tax services.

LDC was advised by Clearwater International (Corporate Finance and Debt), Grant Thornton (Financial and Tax DD), Addleshaw Goddard (Legal), and Calash (Commercial Due Diligence).

A regional HSBC team led by James Scholes is supporting the transaction with senior debt and working capital facilities.