Foresight Group (Foresight) has announced a £1 million investment into Notts-based multi-disciplinary consulting engineering firm Morgan Tucker.
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Morgan Tucker is a fast-growing firm with circa 100 employees, which has seen significant growth nationally and internationally, headquartered in Newark – with offices in Nottingham, London, Leeds, the Czech Republic and Oman.
The business was established in 2005 by founder and Managing Director, Matthew Tucker to provide specialist highway, transport and infrastructure engineering design services to clients in both public and private sectors.
In 2012 Morgan Tucker was appointed to design and deliver freight logistics for the London Olympic Park – one of the biggest of its kind in Europe. It was a catalyst project for Morgan Tucker’s client base and it catapulted the business into the UK spotlight.
Foresight has invested to support Morgan Tucker directors Matthew Tucker and Steve Hall with their ambitious growth plans which include further acquisitions.
Seb Saywood, senior investment manager at Foresight said: "We are delighted to be supporting this entrepreneurial team led by Matthew Tucker. Morgan Tucker has a solid foundation of technical capability and differentiates itself by being more responsive, commercial and fostering strategic long-term end-user relationships in sustainable markets.”
Morgan Tucker’s business has independently achieved impressive growth in recent years and with new investment from the fund its growth trajectory is set to accelerate.
Matthew Tucker said: "Morgan Tucker is a business which has flourished since its beginnings in 2005 and now employs a large number of people who work in a range of sectors. This injection of funding from Foresight is timely – as Morgan Tucker celebrates a decade in business and an enviable portfolio of clients.
"We have grown both organically and through acquisition, and with additional funding we can now look further to expand our market share nationally and internationally. We are genuinely excited about the future of Morgan Tucker and working with Foresight, and have a strategy in place to help us build on our significant growth.”
Morgan Tucker now works across major highway, transportation, civil engineering, structural, infrastructure and environmental consultancy projects. The business employs circa 100 people working on projects throughout the UK, Europe and the Middle East.
For further information, please contact:
Ben Thompson: firstname.lastname@example.org / 020 3667 8155
Notes to editors:
About Morgan Tucker
Morgan Tucker is an award winning independent consulting engineering business with an ambitious growth strategy. With a head office in Newark, they now have offices in London, Leeds and Nottingham.
Established in 2005, Morgan Tucker originally provided specialist highway, transport and infrastructure related services but has since expanded to become a multi-disciplined engineering consultancy providing expert services in highways, traffic and transportation, civil engineering design, structural engineering design, planning and environment, rail freight and permanent way and project management and CDM.
They can provide support to all stages of property, construction, building and infrastructure projects, whether it is at the pre-planning and feasibility stage, right through to construction.
Morgan Tucker’s projects have included the design and delivery of the freight logistics for the London 2012 Olympic Park, the engineering services for the Embassy Gardens development at Nine Elms.
About Foresight Group
Foresight Group is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years.
Foresight has £1.3 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).
Foresight Legal Advisor: Gateley LLP
Company Corporate Finance Advisor Eastwood Anglo
Company Legal Advisor: Austin Moore LLP
Financial Due Diligence: Smith Cooper
Commercial Due Diligence: PMSI