Devon-based Amberon has added four new depots to its UK network and is anticipating its headcount to grow significantly over the next twelve months following investment from leading mid-market private equity firm, LDC.
Headquartered in Paignton, Amberon is one of the UK’s leading providers of traffic management services. Its services span a wide range of safety solutions to support planned and emergency repairs, from traffic lights, signage and convoy working to variable message signs and CCTV. Today it has 22 depots across the UK, more than 400-vehicle fleet and employs more than 500 people.
Its four new depots, located in Peterborough, Hereford, Leeds and Liverpool, have expanded the business’ on-the-ground presence to service customers across the UK, in response to increasing demand for full-suite safety solutions. The business has also secured the lease for a new premise in Bridgwater, Somerset, which should open imminently.
The expansion follows a £25m funding injection in July 2017 from LDC and HSBC.
Amberon has already seen a turnover increase of 10 per cent following the investment last summer, recording a turnover of over £29m, marking a record year of sales.
Looking ahead, Amberon plans to further roll out its depot locations. Its expansion will be focused across the Midlands, South East and East Anglia at an anticipated rate of three depots per year. Amberon’s specialist events business, JT&M Signage, is also set to grow as part of its expansion strategy.
Terry Musson, Managing Director of Amberon, says: “The last year has been an exciting and transformative period for our business, our people and our customers. Securing private equity investment was a big step for our business and our partnership with LDC has helped us accelerate our growth strategy and together we are already delivering excellent results. We’re focused on further investment in the business to continue that trajectory and we’re excited about what comes next!”
Alistair Pendleton, Head of South West & Wales at LDC, added: “In less than a year, the business has achieved a huge amount of progress with its growth plan, which is testament to the team’s ambition and drive. When we backed the business last summer, the potential for scale was clear. We’re excited about continuing this momentum with the management over the coming years.”