Perwyn acquires a minority equity stake in fast growing Teeside-based water supplier
Everflow, based in the North East, supplies water to commercial businesses in England and Scotland following deregulation in the UK water market in the last few years. Everflow was the fastest growing water supplier to UK SMEs in the last 12 months. It’s USPs are its low cost offering coupled with a strong customer service. The company intends to introduce a value-added efficiency proposition shortly to complement its offering.
Josh Gill, founder and managing director of Everflow, said: “The investment from Perwyn will allow us to accelerate our growth plans and take advantage of the opportunity that deregulation has presented to us. We believe there is gap in the market in terms of a water supplier who can offer a low-cost pricing model whilst doing the simple things such as billing effectively.”
The Perwyn team led by Andrew Wynn and Ravi Sharma said: “There is still an education process for the market as many businesses do not fully appreciate that they have a wider choice in terms of water supplier. Given Everflow’s low-cost and simple pricing model, we believe there are exciting times ahead for the business and look forward to working with the management team over the coming years.”
Company Website: www.everflowwater.com