Great Annual Savings Group (GAS) is delighted to announce a major new partnership with Manchester-based Tosca DC, a fund serving the UK’s most ambitious businesses to deliver market-leading growth.
Founded in 2012 by Chief Executive Brad Groves, GAS operates across the UK and Ireland, serving more than 6,000 customers from our Seaham headquarters.
The investment, a deal worked on with long-term partners GCA Altium, will allow GAS to continue its growth trajectory, further penetrating the SME energy intermediary market and facilitating an exit for early-stage private investor shareholders.
It will provide a growth fund to accelerate the Group’s exciting expansion plans, which were revealed at the business’ annual staff conference in July.
Groves said: “The group’s new partnership with Tosca represents a significant milestone in our exciting journey. The investment will facilitate significant growth plans over the next 12 months and help us work towards our vision of becoming the leading UK provider of great cost savings to businesses.
“I would like to personally thank all parties involved in this process and we look forward to working with the team at Tosca on our next phase of growth.”
Adrian Reed, managing director at GCA Altium, said: “GAS has grown into a market-leading provider of cost-saving services to UK SMEs. This success has been built upon a unique company culture that runs throughout the team in everything they do.
“It has been a pleasure to have worked with Brad, Matt Herrell (Associate Finance Director) and everybody involved to achieve this investment which will enable significant further growth and ongoing success.”
The TDC investment was led by founder and partner Gary Davison, who was supported by Stuart Thwaites and Oliver Reece. Addleshaw Goddard provided legal advice.
Keep an eye on our news section for more exciting developments for GAS in 2019.