Bridges invests in AgilityEco

The firm drew equity from its Evergreen fund, which held a final close on £50m in July 2018.

The company's current management team will continue to lead the business, while representatives from the Evergreen fund will join its board.

Bridges plans to open an employee benefit trust or similar structure for AgilityEco following the transaction, as well as continue to grow the business.

Company
Agility Eco operates under two government schemes to manage fuel poverty. AgilityEco arranges the installation of energy-efficiency measures such as better insulation and efficient boilers and works with local authorities to identify households eligible for the Warm Home Discount.

Founded in 2013, the company is based in Sutton.

People
Bridges Fund Management – Scott Greenhalgh (chairman, Bridges Evergreen).
AgilityEco – Gearóid Lane (CEO).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• Bridges Ventures
• United Kingdom