Birketts has advised Foresight Group on its investment in TEC Electric Motors (TEC), a UK-based distributor of electric motors, gearboxes and inverters.
Foresight Group is a sustainability-led alternative asset manager with more than £12 billion in assets under management. The investment into TEC aligns with Foresight’s strategy of supporting high-potential SMEs across the UK, with a focus on regional growth and energy-efficient technologies.
Founded in 2006, TEC has grown to become the UK’s largest independent distributor of low-voltage electric motors. Operating from a 90,000 sq ft facility in Hartlebury, Worcestershire, and a satellite site in Sheffield, TEC serves a diverse customer base across industrial sectors including HVAC, OEMs, and pump manufacturers.
The investment will support TEC’s continued expansion and product development.
The Birketts team was led by Alex Forwood (Partner, Corporate). He was supported by Macauley Alsford-White, Lucy Sao, Lorraine Porter, Charles Thackeray, Clare Barlow, Karl Pocock, Lottie Fletcher, Maisie Lee, Matt Grindley, Tom Berisford and other specialists teams from around the firm.
Alex Forwood, Partner at Birketts, commented: “We are pleased to have supported Foresight on another strategic investment into a high-performing regional business. TEC is well-positioned for future growth, and we look forward to seeing the impact of this partnership in the months ahead.”
Lindsay Duebendorfer, Investment Director at Foresight Group, added: “TEC has built a strong reputation for technical expertise and reliability. We’re excited to support the team as they continue to scale and innovate. Our thanks to Birketts for their expert guidance throughout the transaction.”
This transaction builds on Birketts’ ongoing relationship with Foresight and its commitment to supporting private equity investments across the UK.
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