BOOST&Co provides Meter Provida, the UK’s leading independent gas and electric meter specialist, with a £4.5M growth loan, as part of a £14M syndicated facility.
MeterProvida is being acquired by its current CEO Tim Houtby and incoming FD Stephen Burr from its parent Fusion Group. To fund the acquisition BOOST&Co provided part of a structure loan facility to provide the MBO and intimidate working capital needs.
Andrew Webster, a Partner with BOOST&Co, commented on the transaction: “We are excited to be part of this transaction. The recent performance of Meter Provida has been very impressive and the industry is poised for future growth through the smart meter roll-out and increased deregulation.”