Clearwater International advises specialist contractor Taziker Industrial

Clearwater International has advised the shareholders of Taziker Industrial (“Taziker”), a multi-discipline specialist contractor providing protective coatings, structural refurbishments and minor civils to the rail, road, marine and utilities industries, on an IBO, backed by Bregal Freshstream.

A family-backed business headquartered in Bolton, Taziker evolved out of a painting company set up by Tom Taziker in 1969 and today delivers its core services of steelwork, surface preparation and scaffolding across a variety of landmark structures, bridges and industrial complexes.

It now employs over 580 people across the UK and has provided bridge strengthening and maintenance on sites such as the Tay Bridge in Dundee and the Royal Albert Bridge in Cornwall as well as surface preparation on infrastructure assets such as the Jodrell Bank Telescope in Cheshire.

Almost three-quarters of Taziker’s business is derived from the rail industry thanks to the Group’s status as a Principal Contractor for Network Rail. Taziker has also recently secured a framework agreement for London Underground’s Station Works and Improvement Programme (“SWIP”).

As a result of Bregal Freshstream’s investment in the business, Taziker will now look to accelerate its growth plans, further developing its people and services with the aim of continuing to be a leading choice in structural repair and refurbishment in the UK.

This deal marks the second investment by Bregal Freshstream, following the successful launch of its €600m maiden fund in 2015, having secured a majority stake in Belgian self-service restaurant chain Lunch Garden in December 2015.

Clearwater International advised Taziker, led by partners Paul Jones and Mark Taylor with support from director John Clarke, associate director Tom Barnwell and associate Oliver Wheatley.

The investment was led by Rayhan Davis, Giles Marshall and Julien Millet at Bregal Freshstream.

“Taziker Industrial is a fantastic example of a thriving and entrepreneurial British business that has established itself in a highly technical niche. They have a skilled management team, a proven business model and significant growth potential given the enormous investment that is being made in the UK’s infrastructure assets. We hope to build on the Group’s fantastic foundations and are tremendously excited about the future.” 

Rayhan Davis, Chief Investment Officer, Bregal Freshstream

“Having helped build up this business, I am delighted to start this new chapter with Bregal Freshstream. We have worked hard to establish Taziker Industrial as a leading specialist in the market, providing technical expertise in a highly regulated, critical operating environment and this investment will allow us to achieve the next stage in our development, taking Taziker Industrial into new markets and expanding upon our core service offering.”

Graham Moor, Managing Director, Taziker Industrial

“Taziker Industrial is a fantastic business, a highly technical and niche provider operating in key infrastructure markets which have a need for continuous maintenance spend. The company has experienced significant growth to date and the investment from Bregal Freshstream will allow this to continue at an accelerated pace.”

Paul Jones, Partner, Clearwater International

 

Exceptional work ethic

“The team at Clearwater International had been advising us for a number of years and we found their work ethic to be exceptional, gaining intimate knowledge of our business and demonstrating a strong understanding of the market in which we operate. Paul and the team managed an excellent project to deliver a fantastic result for Taziker Industrial. Without any hesitation, we would recommend others in our situation to engage with Clearwater.”

Tom Taziker, CEO, Taziker Industrial