Evolve Business Group, a Wigan-based specialist in managed network and IT services, is gearing up for UK and international expansion, thanks to a multimillion-pound investment from BGF. The company, founded in 2005, has seen impressive growth in recent years and is now looking to double its turnover over the next three years.
With the backing from BGF, Evolve Business Group plans to focus on growing in the US market, particularly in the quick service restaurant industry. The company also has plans for acquisitions, a new warehouse in Wigan, and a 40% increase in total headcount over the next three years.
CEO Alan Stephenson-Brown expressed excitement about the investment, highlighting the opportunities it will unlock for the company. BGF investors Pinesh Mehta and Josh Bean led the deal, with Adrian Thirkill, Chief Executive of former BGF-backed business GCI, joining Evolve’s board as non-executive chair.
The future looks bright for Evolve Business Group as they continue to innovate in their industry and provide value to their stakeholders. Learn more about their growth journey and financing options for acquisitions [here](https://www.business-sale.com/insights/for-buyers/when-traditional-ma-financing-falls-short-exploring-the-alternatives-224827).