Specialist provider of high growth coaching services. Supporting ambitious entrepreneurs to realise their full potential and achieve levels of growth way above the norm.

Manufacture, installation and renovation of electricity transformers and rotary equipment

Total Resources (UK) ltd is a family run and owned traffic management company, operating throughout the North East of England.

A fast-growing national equipment hire business, with depots in Manchester, Birmingham, Doncaster, East London and Wishaw in Scotland, and a fleet of over 1000 units ranging from large telehandlers to smaller scissor lifts.

As an established partner for many of the world’s leading international airports, ParkVia is able to maximise visibility for official car parks and ancillary products by covering more points of entry with its targeted marketing expertise.

An award winning provider of brand support services, offering a complete range of integrated multi-channel contact, handling, outsourcing and fulfilment services.

Manufacturer and wholesaler of consumable products to the body art, autopsy and veterinary sectors.

One of the UK’s leading suppliers of video projection, high-resolution displays and audio, and lighting to the events industry.

Mercia Fund Managers has invested almost £8.0million into a North East-based traffic management business in its largest single transaction to date.

The investment in Total Resources UK Limited includes growth, debt and venture funding and will allow the business to expand its existing depot network across the UK, creating up to 100 jobs. Total Resources, which is based in Boldon in South Tyneside with depots in Gateshead, Haydock, Leeds, Kidderminster, Mansfield and Essex, provides services ranging from the design and installation of temporary traffic management schemes to portable traffic light hire. Established in 2015, it employs over 110 staff and serves customers in the utilities and highways sectors including SSE, Northumberland water, Kier and Murphys.

The investment – which includes funding from Mercia’s EV Growth II and EV SME Loans funds – will provide an exit for one of the founders, John Smart, giving control of the business to the existing management team led by CEO Les Thompson. The deal also includes investment from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia, to support the growth of the business.

Les Thompson, CEO of Total Resources, said: “We have exciting growth plans for the business and are looking forward to working with Mercia to put them into place. The investment will enable Total Resources to become a major force in the highways sector with depots nationwide.”

Wayne Thomas, Matt Molyneux, Chris Pestell, Jan Oosthuizen and Ian Wilson from Mercia worked on the deal.

Wayne Thomas, who leads the EV Growth team and led the transaction, said: “Although Total Resources is a relatively new business, the management team have a long history within the sector and we have been impressed by their knowledge and progress so far. The business has grown on the back of a strong commitment to customer service and delivery which will help to propel its growth over the coming years.”

Paula McGrath and Andrew O’Mahony of Brabners advised newco. Paula McGrath, Principal of Brabners Corporate Finance, who led the negotiations with investors, said “Brabners’ integrated Corporate Finance & Legal team worked alongside Mercia and Total Resources to deliver a successful transaction. Mercia was chosen as the funding partner because the team demonstrated a real understanding of the dynamics of the market and because of their commitment to providing management with support going forward. We look forward to working with Total Resources and Mercia to develop the business over the coming years.”

Craig Scott of Hill Dickinson provided legal advice to Mercia. Financial due diligence was carried out by Sentio Partners.

According to data from www.utilityweek.co.uk investment in the UK utilities sector is expected to increase to over £50.0billion between 2020 and 2025, representing a 13% increase on the current five year period.

Quick Reach Powered Access – a fast-growing national equipment hire business – has secured a £4.5million equity investment from Mercia Fund Managers.

The investment, which is the second from Mercia’s £45.1million EV Growth II fund, will allow the Manchester-based company to double its fleet of powered access equipment and continue its nationwide growth.

Founded in 2014 by brothers John and David Barton, who have a background in the equipment hire industry, Quick Reach now has depots in Manchester, Birmingham, Doncaster, East London and Wishaw in Scotland, and a fleet of over 1,000 units ranging from large telehandlers to smaller scissor lifts. The company which now employs 36 staff, has grown rapidly, achieving average annual sales growth of 77% over the past three years. The deal will give Mercia a minority stake in the business and provide investment for growth.

Jill Williams, Investment Director for Mercia’s EV Growth II, said: “Quick Reach has become a well-established provider of powered access equipment in a very short period of time. Its success has been underpinned by solid relationships with customers and suppliers and the industry experience of John and David. This funding will allow them to pursue their ambitious growth plans.”

Wayne Thomas, who leads the EV Growth II team, said: “Quick Reach is exactly the sort of innovative and ambitious SME that EV Growth II seeks to invest in. This is our second investment from EV Growth II, and we have several more deals in process which we expect to complete over the next few months. This demonstrates the ongoing demand from good quality businesses seeking buyout funding and development capital of up to £5.0million.”

David Barton of Quick Reach said: “At Quick Reach we are committed to delivering the very best service and customer experience in our industry sector. With further investment in new equipment, and a more extensive distribution infrastructure, we are well positioned for further growth.”

John Barton added: “Our partnership with the Mercia team will enable us to continue to establish Quick Reach as an industry-leading provider of powered access, telehandlers and training.”

The EV Growth II fund makes investments of up to £5.0million in established and ambitious SMEs, looking to grow, with a focus on management buy-outs and development capital. The fund completed its first deal in July 2018 with a £4.0million investment in the parking aggregator site ParkCloud.

Investec in Leeds provided fundraising advice to the company. Dow Schofield Watts Transaction Services provided financial due diligence to Mercia while Craig Scott of Hill Dickinson provided legal advice.