Deal announcement - Earthmill
1 October 2013
Established in 2009, Earthmill is one of the UK’s largest installers of wind turbines with 125 installed to date. The company provides all necessary services from planning through to installation and annual maintenance, using its in-house planning resource and engineering team. The business has grown to employ 26 staff at its base in Wetherby, Yorkshire.
- Commitment size: £4.1m
- Number of investors: 80
- Investment date: October 2013
- Sectos: energy
- EIS eligible
To support its growth strategy, the founders of Earthmill have formed a joint venture with Endurance, a leading manufacturer in the wind turbine market.
The business anticipates demand for both the outright sale of its turbines and for those deployed via the land rental arrangement with Edurance, where farms can derive an annual income, without the need for cash investment. Connection Capital’s investment follows Earthmill’s national expansion with the acquisition in July 2013 of the wind energy division of TGC Renewables.
If you are interested in receiving more information about future investment opportunities and are not yet a client of Connection Capital, please contact Steve Wilson.