Leeds-based Comhar Capital has acquired a minority stake in TaperedPlus, a Tees Valley flat roof design and insulation company, with a seven-figure investment.
The company will use the investment to support the development of its national operations: enhancing its tech-led capabilities, boosting head count and building upon its market share in the construction sector.
Its successes already include Victoria Gate shopping centre in Leeds, Arsenal Football Club’s training ground and the Feethams leisure complex in Darlington.
Robert Vass, Director of TaperedPlus, said the investment will “provide a significant springboard” for the business.
Fellow TaperedPlus Director Aman Chahal added: “The expertise, knowledge and resources that Comhar Capital bring to our business will be a valuable part of our next phase of growth, which includes the creation of new jobs to support our existing and experienced workforce.”
This is the third investment from Comhar which was established in 2018 by Neil Armstrong and MD Craig Wilkinson. The company has been established as an independent direct capital investment business run by forward-thinking, growth orientated managers.
“We’re looking forward to working closely with Aman and Rob over the coming years as they continue to grow the business,” said Mr Wilkinson.
“They’ve done a great job building TaperedPlus’ position as a trusted and valued partner to architects, contractors and insulation manufacturers providing a very solid platform for further growth.”