TaperedPlus, the Tees Valley-based flat roof design and insulation specialist, has secured a £5.5 million investment from BGF, the UK and Ireland’s most active growth capital investor, to support the company’s ambitious growth plans and provide an exit for their original investor, Comhar Capital.
Founded in 2014 by Aman Chahal (pictured) and Robert Vass, TaperedPlus has established itself as a UK leader in the provision of tech-enabled architectural design services for complex flat and tapered roof projects. The team and its market-leading technology helps customers and property owners to improve the performance, safety and sustainability of their buildings. Headquartered in Stockton-on-Tees, the business serves a range of end markets across domestic, commercial and industrial projects and has developed deep relationships with its supply chain partners.
Since 2020, TaperedPlus has gone from strength-to-strength increasing employee numbers by 70%, tripling revenues and securing B-Corp accreditation in 2023 in recognition of its innovative and sustainable approach within the roofing sector. With BGF’s support, the company is looking to make a further step change in its growth trajectory, with plans to broaden their technology-led offering and deepen relationships with its growing customer base and insulation supply partners.
As part of the investment, the board will be strengthened with the appointment of Martin Holt as a non-executive chair following an introduction from BGF’s Talent Network, one of the largest groups of board-level non-executives in the UK and Ireland. Holt brings a breadth of experience from the wider building compliance and technical services sector,including senior roles at Dalkia, Mitie and Stroma, as well as expertise in developing proprietary tech-enabled services.
Commenting on the deal, Aman said: “Following a great relationship with Comhar Capital we were looking for an investment partner to help us expand further while allowing us to stay in control of the business. It was also important for us to find an investor with a culture and values aligned with our own. As a fellow-B Corp and with their differentiated, relationship-led approach, BGF stood out as the investment partner of choice for us and we are looking forward to working together.”
The deal was led by Rob Johnson and Linda Nguyenova – investors in BGF’s Yorkshire and North East team. Rob Johnson will join the board as non-executive director. BGF’s investment provides an exit for Comhar Capital, which backed TaperedPlus in 2020.
BGF investor, Rob Johnson, added: “We’re excited to be backing Aman and Rob who have established TaperedPlus as one of the leaders in its field, with a commitment to innovation and sustainability at the heart of everything they do. BGF has a strong track record of working with founders and business owners, and we are looking forward to supporting the team here, seeing strong alignment between BGF’s minority, patient capital model and Rob and Aman’s ambition for the business.”
Comhar Capital managing director, Craig Wilkinson added: “It has been a pleasure working with Aman and Rob and we’re delighted that they’ve found an investment partner who will work alongside them to take the business on to that next level. The team have created a strong platform from which to expand, and we wish them all the very best for the future.”
