Leeds firm acquires seven-figure investment and share from Tees Valley insulation specialist

Leeds-based Comhar Capital has acquired a minority share in TaperedPlus with a seven-figure investment.

This investment is focused on enhancing its tech-led capabilities, increasing employee numbers, and building upon its market share in the construction sector.

Established in 2014, TaperedPlus has been led by founders Robert Vass and Aman Chahal to become a national commercial and industrial flat roof design and insulation specialist.

This investment is part of a focused strategy to expand the business further following a number of strong years.

The business recently moved into a new head office in Bowesfield Park, Stockton-on-Tees, coinciding with a base in Wolverhampton where its design team is based.

In the last year, it has delivered turnover growth of more than 60 per cent to £6.5m.

TaperedPlus supplies tapered insulation, which enables water drainage from flat roofs while providing thermal insulation to buildings.

TaperedPlus’ director, Robert Vass, said: “We have delivered strong organic growth in our first five years in business and this investment from Comhar Capital will provide a significant springboard for TaperedPlus as we focus on increasing our market share and developing new technology-led solutions.”

The development and implementation of TaperedPlus’ growth strategy has been supported by Newcastle-based advisory firm RG Corporate Finance, which has been recently appointed by the board to lead on this seven-figure fundraise.

An RG partner and head of corporate finance, Carl Swansbury, advised the TaperedPlus shareholders on this fundraise, alongside his colleagues Simon Whiteside and Charlie Burton from RG Business Tax.

Legal advice to TaperedPlus’ shareholders was provided by Dahren Naidoo of Freeths LLP.

Corporate finance advice for Comhar Capital was provided by UNW with legal advice from DAC Beechcroft.