Multi award-winning manufacturer, Evolution Aqua, has announced a GBP12 million investment from the UK and Ireland’s most active growth capital investor, BGF.
Wigan-headquartered Evolution Aqua is a designer, manufacturer and supplier of a wide range of water filtration products and associated equipment, primarily focused on the aquatics industry for both indoor and outdoor fish care.
The funding will allow the business to capitalise on ambitious growth opportunities in core markets and drive international expansion. The significant minority investment will also enable the existing management team, led by CEO and founder, Nick Jackson, to expand on application of Evolution Aqua’s market leading water filtration technology into other vertical markets, including swimming pools and the rapidly growing aquaculture space.
The deal was led by Neil Inskip and Josh Bean, investors in BGF’s Manchester team. As part of the deal, David Algar will be joining the Evolution Aqua board as Non-Executive Chair.