Core Capital invests in Lincoln based Turbine Efficiency Group
Core Capital Partners LLP (“Core Capital”) has invested in Turbine Efficiency Group, to support the business in its next phase of growth. Turbine Efficiency is a specialist engineering company based in Lincoln, England. The Group is a leading provider of maintenance, repair and overhaul services for industrial gas turbines. Its longstanding customer base ranges from large global multinationals to smaller industrial conglomerates, in the power, oil and gas, and industrial sectors.
Core Capital is an experienced provider of capital for growth, investing up to £25m in UK SMEs, and partnering with ambitious management teams looking to scale their operations and accelerate growth. The investment enables Turbine Efficiency to meet the high demand for it’s services from new and existing customers, and leverage its state of the art facility in Lincoln. Robert Johnson, Executive Chairman, commented:
“The investment from Core Capital marks a new phase for Turbine Efficiency. There is excellent market growth potential, and this investment will enable the team to attain such opportunities, both within the UK and globally. We are committed to serving our loyal clients to the highest standards as their reliable partners in power.”
Stephen Edwards, Managing Partner, Core Capital: “There is significant global demand for independent maintenance, repair and overhaul services, and we believe the team at Turbine Efficiency is uniquely positioned to capture this opportunity. We have experience working with SMEs to take them to the next level of growth and will be looking to invest further capital into TEL in order to fund acquisitions and further organic growth.”