BGF pipes £3m into drainage contractor to accelerate growth
In June 2014, BGF announced a growth capital investment of £3m in Flowline Limited, a leading drainage contractor in the South East of England.
The £3m investment for a minority stake in Flowline, enabled the business to acquire Clearaway Drainage Services Limited, provide capital to support organic growth, strengthen the senior management team and train staff to deliver new services and operate in new markets. The acquisition of Clearaway adds expertise in the rail and industrial markets.
The company operates from its head office in Rayleigh, Essex with satellite sites near Reigate, Surrey and South Mimms, Hertfordshire and employs around 85 staff.
Flowline is a commercial drainage contractor providing CCTV pipeline surveying, high pressure water jetting, gully and catchpit cleaning, waste recycling, liquid waste tankering and road sweeping primarily into the water and highways markets. It currently runs a fleet of 60 vehicles serving customers across London, the Home Counties and nationally when required. Customers include infrastructure owners such as Thames Water and Anglian Water. Clearaway was established in 1994 and is based in Kings Langley, Hertfordshire. The acquisition adds expertise and a strong track record in two new markets; rail and industrial, and skills in two additional technically complex service lines in relining and robotic cutting.