NorthEdge’s Help-Link buys Miller Pattison

The transaction was funded from the company's balance sheet.

The bolt-on expands Help-Link's boiler offering to include insulation. The buyer was also attracted by Miller Pattison's experience in the photovoltaic industry. Help-Link is currently diversifying its offering to deliver energy savings measures for the entire home.

NorthEdge acquired Leeds-based Help-Link UK in April 2013. The GP plans to treble the firm's turnover, which stood at around £35m at the time of the acquisition, by 2016.

Help-Link was the third acquisition completed through NorthEdge's maiden fund, NorthEdge Capital Fund I, which closed on £225m. The fund typically invests £5-35m in lower mid-market buyouts of northern UK businesses with an enterprise value of £10-100m.

Company
Formerly known as SIG Energy Management, Miller Pattison is a loft and cavity insulation specialist. The company has a network of 11 branches across the UK, a fleet of vehicles and a workforce of around 300 staff. The firm was founded more than 45 years ago and is based in Chapeltown, Leeds.

People
NorthEdge director James Hall led the original buyout in 2013. Mel Butler is the chief executive at Help-Link. NorthEdge partner Andy Ball and director James Hall sit on Help-Link's board as non-executive directors.

Advisers
Company – Walker Morris, John Hamer, Joy Irving (Legal). 

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