Founded in 2005, Evolve has rapidly grown its turnover, projecting £20+ million this year and aiming to double in three years. The investment will fuel UK and international expansion, primarily focusing on the US fuel forecourt and QSR sectors.
The funding will support infrastructure improvements, new warehouse establishment in Wigan, acquisitions for accelerated growth, and a 40% increase in headcount over three years. Workforce expanded from 23 to 117 employees since 2020.
CEO Alan Stephenson-Brown sees the investment as pivotal, highlighting confidence in Evolve's growth. BGF's expertise and network align well with Evolve's ambition for innovation and customer connectivity.
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