MSIF backs Merseyside consultancy EDP and its global plans
EDP was established in the early 1990s and has helped businesses of all sizes, in a wide variety of sectors to manage health, safety, property compliance and environmental issues
Health and safety and environmental consultancy EDP Consultants has secured an equity investment from business loan and equity provider MSIF to further its international growth ambitions.
St Helen’s based EDP was established in the early 1990s and has helped businesses of all sizes, in a wide variety of sectors to manage health, safety, property compliance and environmental issues. Its blue-chip clients include Accenture, Facebook and Microsoft.
Liverpool-based MSIF originally assisted the management team with the management buyout of EDP Health, Safety and Environment Consultants in 2014, and is now providing further funding to assist with the global expansion of the EDP Group.
The group is led by chief executive Mark Haydock who, during his career, has specialised in the growth and development of environmental and safety consultancies. He has successfully built and established businesses for three separate consultancies in both the UK and in Australasia.
Following the MBO, the management team has been responsible for the execution of the business’s growth strategy, which included the acquisition an asbestos consultancy business from the Institute of Occupational Medicine in 2017.
The additional undisclosed funding from MSIF will also be used for investment in new technology, allowing EDP to continue to be one of the most innovative service providers in its markets.
Mr Haydock said: “Having worked with MSIF on the original MBO in 2014, we felt that they were the natural partners for EDP in the next stage of our growth. Over the coming years we plan to expand internationally with a particular focus on Australia, whilst also scaling up our operations in the UK.”
Simon Thelwall-Jones, MSIF investment director, added “EDP has unparalleled traction within the market and an impressive blue-chip client base. Mark is very knowledgeable and skilled within his sector, resulting in the great success that he and his team at EDP have achieved already.”