Think Hire, the renewable energy business, has received significant private equity backing from YFM Equity Partners at the end of 2022. This support will enable Think Hire to more than double its revenues and continue its mission of helping clients reduce their carbon emissions.
With the recent funding, Think Hire has made several key hires, including Simon Taylor as operations director, Peter Clarkson as CFO, and Gaurav Batra as non-executive chair. These senior additions strengthen the team and contribute to the company’s rapid expansion. Think Hire aims to have a 50-strong team by the end of the current financial year, up from 20 employees prior to the private equity funding.
Thanks to the investment capital, Think Hire has moved its headquarters to a strategically located facility in Greater Manchester. This move will support the expansion of its manufacturing and customer management operations, ensuring efficient delivery of its renewable energy solutions.
To better serve its clients across the UK, Think Hire is developing new depots in the South and Midlands, in addition to its recent expansion into Scotland. This expansion is in line with the company’s doubling of revenues year-on-year since 2020, with the current financial year expected to continue this growth.
Neil Richardson, the managing director of Think Hire, expressed his excitement about the company’s progress, stating, “The business has gone from strength to strength since its launch in 2018. We are grateful for YFM’s investment, which will help us continue and accelerate this journey.” Richardson also emphasized the benefits the investment has already brought, such as the establishment of key foundations for future growth and expanded product and service innovation.
Dan Freed, a Partner at YFM Equity Partners, expressed pride in being part of Think Hire’s growth trajectory and recognized the company’s potential for success. Freed stated, “We remain committed to supporting Think Hire in its mission to help clients cut carbon and protect the environment as a stand-out green power specialist.”
Think Hire’s partnership with YFM Equity Partners has positioned the company for significant growth. With a strengthened team, new headquarters, and the development of additional depots, Think Hire is well-equipped to help its clients deliver sustainable construction projects using innovative and climate-friendly technologies. The future looks promising for Think Hire as it enters the next phase of its development.
