TaperedPlus, the Tees Valley-based flat roof design and insulation specialist, has secured a £5.5 million investment from BGF to support the company’s ambitious growth plans and provide an exit for their original investor, Comhar Capital.

Founded in 2014 by Aman Chahal and Robert Vass, TaperedPlus has established itself as a UK leader in the provision of tech-enabled architectural design services for complex flat and tapered roof projects. The team and its market-leading technology helps customers and property owners to improve the performance, safety and sustainability of their buildings. Headquartered in Stockton-on-Tees, the business serves a range of end markets across domestic, commercial and industrial projects and has developed deep relationships with its supply chain partners.  

Since 2020, TaperedPlus has gone from strength-to-strength increasing employee numbers by 70%, tripling revenues and securing B-Corp accreditation in 2023 in recognition of its innovative and sustainable approach within the roofing sector.

Commenting on the deal, Aman Chahal, co-founder and CEO of TaperedPlus, said: “Following a great relationship with Comhar Capital we were looking for an investment partner to help us expand further while allowing us to stay in control of the business. It was also important for us to find an investor with a culture and values aligned with our own. As a fellow-B Corp and with their differentiated, relationship-led approach, BGF stood out as the investment partner of choice for us and we are looking forward to working together.”

Comhar Capital Managing Director, Craig Wilkinson added: “It has been a pleasure working with Aman and Rob and we’re delighted that they’ve found an investment partner who will work alongside them to take the business on to that next level. The team have created a strong platform from which to expand, and we wish them all the very best for the future.”

BGF investor, Rob Johnson, added: “We’re excited to be backing Aman and Rob who have established TaperedPlus as one of the leaders in its field, with a commitment to innovation and sustainability at the heart of everything they do. BGF has a strong track record of working with founders and business owners, and we are looking forward to supporting the team here, seeing strong alignment between BGF’s minority, patient capital model and Rob and Aman’s ambition for the business.”

Notes:

Comhar Capital

Comhar Capital (pronounced ‘core’), is a company focused upon providing direct capital investment for businesses run by forward-thinking, growth-orientated owner-managers.

Meaning ‘partnership’ in Gaelic, Comhar prefers to work hand-in-hand with business owners to help improve a company’s outlook, opportunities and growth prospects.

Comhar founders are Neil Armstrong and Craig Wilkinson. Neil is a highly experienced business leader and entrepreneur, who currently leads Fastflow Group whilst holding a number of other non-executive positions. Craig has been investing in, financing and supporting growing companies for more than 20 years, most recently with LDC (the private equity arm of Lloyds Banking Group) where he took the Lloyds mid-market investment business to Asia.

Further information can be found at: www.comharcapital.co.uk or via enquiries@comharcapital.co.uk