Wed, 14 Jan 2026 | BUSINESS NEWS
JPS Projects, a provider of specialist retrofit services, has secured private equity backing from Cordovan Capital Management. The deal will provide the firm with funds to invest in its systems, processes and staff.
Founded in 2010, JPS Projects operates across the UK, with offices in Manchester, Chesterfield and Hemel Hempstead. The company provides retrofit services covering electrical, mechanical, fire compliance, planned maintenance and refurbishment.
The company, which generated turnover of £20 million in its most recent financial year, utilises over 200 specialist retrofit operatives. It specialises in working in secure environments across private sectors, the public sector estate and social housing, with clients including the Ministry of Justice, the Department of Work and Pensions, Mitie and Vinci.
Cordovan Capital Management is based in Belfast and operates across the UK and Ireland. The firm focuses on investing in lower mid-market privately-owned businesses.
Following the new investment from Cordovan, JPS Projects will continue to be led by Managing Director Adam Fareham and Director Mark Ollerenshaw, who will be joined on the board by incoming Chairman Paul Muncaster and Cordovan partner Stephen McClelland.
Adam Fareham said: "Welcoming Cordovan as a new equity partner marks a new chapter in the story of JPS, supporting our long-term growth strategy and reinforcing confidence in our people, performance, and future direction.”
"Cordovan's investment provides additional financial strength and strategic support, enabling further investment in systems, processes, and, most importantly, our people. We look forward to this exciting next chapter for JPS.
JPS Projects was advised by a corporate finance team from DSW's Midlands office, led by partners Ryan Shields and Harry Walker and supported by Associate Director Daniel Choucino and Manager Ishan Sharda. Ryan Shields described the investment as a “significant built environment platform deal”.
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