BGF invests €5.8m in Ballymena-based Clarke Group via IrishTimesBiz
Michael Clarke, founder of Clarke Façades; John Devine of BGF; Eugene Clarke, managing director of Clarke Façades; Chris Nixon,of BGF; and Adrian Ringrose, non-executive chair of Clarke FaçadesGrowth fund BGF has invested £5 million in Ballymena-based specialist facade provider Clarke Group as the company seeks further growth across the UK and Ireland.
The investment will provide Clarke with working capital as it expands. The family-owned business, which was founded in 1996, engages in innovative design-led facade projects, with an end-to-end service that has attracted a number of blue-chip construction industry clients such as Berkeley, Morgan Sindall and Balfour Beatty. In 2022 it had revenues of almost £30 million, with the company growing an average of 25 per cent a year since 2018.
Eugene Clarke, managing director of Clarke, said the funding was only part of the story, with access to BGF’s network proving invaluable. “With increased regulation regarding the fire safety of high-rise buildings post-Grenfell, the demand for safe and sustainable facades and cladding has increased. Our market-leading designs and sector-experienced team mean we’re fast becoming the partner of choice for top tier construction firms across the UK,” said Mr Clarke said.
Adrian Ringrose has been appointed non-executive chair of the business, introduced to Clarke through BGF’s Talent Network.
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