PE investor pumps £6.5m into facilities management company

Foresight Group, a listed regional private equity and infrastructure investment manager, has unveiled a £6.5m investment into Halifax-based MSL Property Care Services Ltd.

MSL is a nationwide facilities management business, primarily focused on reactive and emergency maintenance services for multi-site clients, alongside its growing divisions of planned compliance and ad hoc project work.

Foresight’s support – drawn from its North West, North East and WYCA funded West Yorkshire SME Investment Funds – will fuel MSL’s expansion plans. 

The backing will support the company’s management team with their growth ambitions – providing the capital and expertise to enable them to continue to invest in technology development, create high-quality, sustainable jobs and to expand their commercial capabilities and reach nationwide. 

Jeremy Harrison, managing director at MSL, said: “We are pleased to have secured the support and confidence from Foresight – an investment partner whose culture and people values, we believe, are aligned to those of MSL.

“We look forward to working with Claire and the Foresight team, their experience will help MSL to accelerate the successful growth story of the last few years.”  

Foresight partner, Claire Alvarez, added: “We are happy to be working with Jeremy and the team at MSL to help achieve their ambitions.

“We were impressed with the fast growth of MSL’s tech enabled platform – this offers further scalability and we are excited to work with the team.”