Tue, 16 Dec 2025 | BUSINESS NEWS
A private equity firm has launched a new platform aimed at consolidating the UK technical services market across the built environment. Triton’s Tendra Technical Services platform, launched through Triton Smaller Mid-Cap Fund II, initially comprises three businesses.
Upon launch, the platform consists of Manchester-based engineering solutions specialist Fletchers Engineering, Birmingham-based facilities management firm Coat Facilities Group and The James Mercer Group, a building services specialist based in Lancashire and Liverpool.
Tendra combines technical services businesses that have a proven track record of technical excellence, a commitment to safety and quality and strong client relationships. It is hoped that bringing these capabilities into a single platform will enhance service delivery and the ability of businesses to offer integrated solutions to meet changing customer needs.
Triton will support Tendra and companies within the group in their growth strategies through both additional strategic acquisitions and organic growth. Triton has significant experience in Europe’s technical services sectors, with investments including Assemblin Caverion Group, Unica, bluu Unit and Habeo.
Tendra represents the 11th platform investment made through the Triton Smaller Mid-Cap Fund II, which closed above its fundraising target of €815 million in 2021. The fund is described as applying Triton’s investment strategy to lower mid-market businesses in sectors including healthcare, business services and industrial tech.
Andi Klein, Managing Partner, Head of Triton Smaller Mid-Cap, commented: “We are excited to announce Tendra as our first Triton Smaller Mid-Cap investment in the UK. This marks an important milestone for Triton and reflects our commitment to building high quality platforms in fragmented markets.”
Greg Davies, Group CEO of Tendra Technical Services, added; “Triton is the perfect partner for Tendra as we embark on building a strong and integrated platform. Triton’s experience with family-owned companies and its sector knowledge will be invaluable as we accelerate growth together.”
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