Bridgepoint backs BAS MBO

BDC has acquired building energy management company BAS by backing a management buy-out.


BDC has acquired building energy management company BAS by backing a management buy-out.

Investment firm Bridgepoint Development Capital (BDC) has acquired building energy management company BAS by backing a management buy-out of the business.

Brin Sheridan, managing director of BAS, says: ‘With an investor such as BDC alongside management and the original founders, we now have the support and capital to accelerate our growth aspirations.’

Greater Manchester-based BAS provides services to building owners to monitor and control energy usage via computer-based control systems. The company was founded in 2006 following a buy-out from Siemens.

BDC is a part of the international private equity group Bridgepoint, and provides funding of up to €150 million (£127 million) to businesses based in the UK, France and the Nordic region.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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