Earthmill focuses on small scale turbines for the farming sector. The investment from Connection Capital will enable Earthmill to gear up for “rapid” expansion and provide additional finance for the company’s growing fleet of wind turbines, it said.
The deal represents the largest investment so far by Connection Capital since its launch in 2010.
Earthmill was established by Steve Milner in 2009 and is based in Wetherby, Yorkshire. The company provides services from planning through to installation and annual maintenance. It is one of the UK’s largest installers of turbines with 125 installed to date.
Bernard Dale, partner at Connection Capital said, “Earthmill is a great business led by an excellent management team, which has gained a strong foothold in a market very early. We invest in strong management teams, with a robust business models, and Earthmill has demonstrated its appetite to lead the sector with impressive progress to date. We look forward to working closely with the team to assist with this exciting new chapter for the business.”
Connection Capital is a private client investment business, enabling individuals to invest on a deal by basis as part of an organised syndicate. Since its launch over 700 investors with a net worth of over £5bn have become clients.