Flat roof design and insulation specialist TaperedPlus has secured a £5.5 million investment from equity investor BGF to support its ambitious growth plans.
The deal, which also provides an exit for original investor Comhar Capital, enables the Tees Valley-headquartered business to bring a greater technology-led focus to its operations, while enhancing customer experience and strengthening relationships with supply chain partners.
The investment from BGF marks a significant milestone for TaperedPlus as it seeks to elevate the independent business to new heights.
Since 2020, the business has increased its workforce by 70%, tripling revenues, and securing B-Corp accreditation in 2023 for its sustainable approach within the roofing sector.
As part of the investment, Martin Holt will join TaperedPlus as a non-executive chair. Holt brings extensive experience from the building compliance and technical services sector, and his expertise in developing proprietary tech-enabled services will be crucial in achieving the company’s ambitious goals.
Aman Chahal, co-founder and CEO of TaperedPlus, said: “Following a great relationship with Comhar Capital, we were seeking an investment partner to help us expand further while maintaining control of the business. BGF stood out for their culture, values, and relationship-led approach. We are excited to work together to take TaperedPlus to the next level.
“This investment reflects our growth ambitions and commitment to enhancing customer experience through innovative solutions and strategic partnerships.”
Rob Johnson, BGF investor, added: “We’re thrilled to back Aman and Rob, who have positioned TaperedPlus as a leader in its field, with innovation and sustainability at the core of their operations. We look forward to supporting the team and aligning our patient capital model with their vision for growth.”
