LDC, the Leeds-based equity finance firm, has backed an engineering consultancy by using a multi-million pound development capital investment.
This cash injection will enable Newcastle-headquartered Patrick Parsons to grow its strategy and supports its purchasing infrastructure engineer THDA.
Ben Snow, Investment Director at LDC, who co-led the offer, said: “Patrick Parsons has an exceptionally strong management team which has successfully spearheaded the growth within the business, while retaining the on the more compact firm.
“The buying THDA is really an exciting development either way businesses.”
John Garner, Head of LDC in Yorkshire as well as the North East, added: “We’re convinced of backing ambitious management teams inside the North East and this also latest deal signals our intent to remain investing in the area.
“We’ve expanded all of us on to the floor with proper pipeline of activity there is no doubt this particular region plays a major role in the resolve forpersistance to invest 1.2 billion nationally over the next several years.”