Core Capital acquires TEL
Turbine Efficiency
Leading after-market service provider for industrial gas turbines.
Overview
Turbine Efficiency is a leading provider of after-market services for industrial gas turbines, specialising in sub-10MW machines. The Group provides maintenance, repair and overhaul services under long-term contracts.
TEL has grown significantly since the date of Core Capital's acquisition.
Facts
Founded in 2001
75 FTE in Lincoln HQ
Listed in the 2016 SME Export Track 100
Acquired by Core Capital in 2016
Acquired GTA in 2018
Background
TEL has a leading reputation for engineering excellence and customer satisfaction. This has been built over the last 15 years serving a global customer base of clients across oil and gas, CHP and industrial sectors.
The Group is also one of the UK’s fastest growing exporters delivering 29% annualised growth over the last 6 years.
Progress
Core Capital acquired TEL in 2016. Additionally, we have provided subsequent funding to expand the technical capabilities in testing and casting, and the acquisition of GTA to enter the Solar iGT market.
2016
2019
TEL acquires GTA in USA
ESO Capital, the provider of hybrid capital solutions to small and medium-sized companies, is acquiring Core Capital. The enlarged business will invest across the capital structure, providing flexible capital solutions ranging from senior debt to equity for lower and middle-market European companies. For further information, please see www.esocapital.com or visit the news page on www.core-cap.com