Private equity and alternative asset manager Maven Capital Partners has invested GBP3.8m into Paisley based Lambert Contracts.
Maven’s investment will help to position the business for further growth and accelerate its strategy for expansion into new geographic markets.
The business, which was founded in 1986 and now employs over 100 staff, is a contractor in insurance reinstatement, property maintenance and fire protection, and has long standing relationships with many of the UK’s best known insurance companies, loss adjustors and property managers.
Core services range from restoring properties damaged by fire, flood, smoke, water and storms, to carrying out general property maintenance for an extensive network of property managers, and fulfilling specialist fire safety contracts.
The transaction was completed by Maven’s Glasgow based investment team of Julie Glenny and Richard Elliott and is Maven’s second significant private company transaction within a week on behalf of client funds.
Glenny says: “Lambert Contracts is a dynamic business with excellent growth prospects and an established market presence, and is typical of the sort of business Maven looks to support as part of its later-stage investment strategy. We have been very impressed with the management team, and in particular MD Greg Chalmers who has the vision and ambition to continue the impressive growth achieved by the company to date. The entire business benefits from a strong focus on delivering customer needs which, together with the investment already made in developing bespoke IT capabilities, will facilitate continued growth. We are delighted to be involved with the Lambert team and look forward to working together to take the business forward.”
Greg Chalmers, managing director of Lambert, says: "The success of our business has been built on an ethos where delivering a high quality of service to our clients is paramount. We work hard at maintaining strong relationships with many of the leading insurers, loss adjustors and property managers in the sector and are committed to developing these into new geographic territories where clear market opportunities exist. This investment by Maven provides a platform for supporting the business through the next stage in its evolution and will help us to achieve our goals for future expansion, creating opportunities at all levels within Lambert. The Maven team has demonstrated a strong knowledge of the insurance sector and Scottish business market, and we will undoubtedly benefit from their valuable strategic input to the business.”
