A FAMILY roofing business has secured a £4.6m investment.
Wirral Roofcare Ltd, founded in 1982, is known for providing emergency and planned roof repair and maintenance services.
It supports housing associations, outsourced service providers, insurers, and domestic customers.
Growing to a team of 80 people, the company has annual revenues of £7m.
The business is also a key service provider and has repaired and maintained more than 25,000 properties in the last five years.
The investment comes from Foresight Group, a listed infrastructure and regional private equity investment manager.
This will help Wirral Roofcare in its next growth phase.
Founders of the company Herbert and Denise Williams have retired and fully exited the business after the investment.
Their son, Scott, remains a shareholder and will continue as managing director.
Mr Williams said: "Now is the right time for us to accelerate our growth and I am delighted to be working with Foresight, who introduced Brian to the business.
"He is someone who has already walked the same growth path in a similar sector, and I am sure will be a great benefit moving forward."
The company will be supported by Brian Murphy, an experienced entrepreneur and founder of the Merseyside-based Fieldway Group, as chairman.
Mr Murphy will assist Scott and the management team in the company's next phase of growth.
A new finance director, David Pearce, has also been appointed.
This was after an introduction by Foresight, having worked with several private equity-backed businesses previously.
Sophie Clough, investment manager at Foresight Group in the North West, said: "The Williams family have done an excellent job in building such a well-regarded and successful business over the last 40 years and we are excited to be working with Scott and the team.
"In the run-up to the investment, we introduced Brian Murphy to the company and believe his experience of working in partnership with us to grow, professionalise and scale a business in the building services sector will be invaluable to Wirral Roofcare.
"We see significant growth potential, both in building the Company’s regional footprint by accessing larger frameworks and through expansion into the prisons and hospitality sectors."
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