Tuesday, 7 April 2015
Foresight invests £1m in Morgan Tucker
Foresight Nottingham Fund, the £40m regional fund for growing businesses in the city and county, has announced a £1m investment into multi-disciplinary consulting engineering firm Morgan Tucker – the fifth investment made by the Fund.
A company seeing significant growth nationally and internationally, Morgan Tucker is a fast-growing firm with100 employees. With the Foresight investment, it has ambitions to at least double the workforce.
It is headquartered in Newark – with offices in Nottingham, London, Leeds, the Czech Republic and Oman.
The business was established in 2005 by founder and MD Matthew Tucker to provide specialist highway, transport and infrastructure engineering design services to clients in both public and private sectors.
In 2012 Morgan Tucker was appointed to design and deliver freight logistics for the London Olympic Park – one of the biggest of its kind in Europe. It was a catalyst project for Morgan Tucker’s client base – and it catapulted the business into the UK spotlight.
Foresight Nottingham Fund has invested a seven-figure sum to support Morgan Tucker directors Matthew Tucker and Steve Hall with their ambitious growth plans, which includes significant Nottinghamshire recruitment, along with acquisitions of complementary consulting engineers firms in the North West and the Midlands.
Seb Saywood, Senior Investment Manager of Foresight Nottingham Fund, said: “We are delighted to be supporting this entrepreneurial team led by Matthew Tucker and to be able to work with such a significant and growing employer in Nottingham and Nottinghamshire.
"Morgan Tucker has a solid foundation of technical capability and differentiates itself by being more responsive, commercial and fostering strategic long-term end-user relationships in sustainable markets.”
Morgan Tucker’s business has independently achieved impressive growth in recent years and with new investment from the fund its growth trajectory is set to accelerate.
Matthew Tucker said: “Morgan Tucker is a business which has flourished since its beginnings in 2005 and now employs a large number of people who work in a range of sectors. This injection of funding from Foresight Nottingham Fund is timely – as Morgan Tucker celebrates a decade in business and an enviable portfolio of clients.
“We are a business which is proud of its Nottinghamshire roots. We have grown both organically and through acquisition and with additional funding we can now look further to expand our market share nationally and internationally. We are genuinely excited about the future of Morgan Tucker and working with Foresight Nottingham Fund, and have a strategy in place to help us build on our significant growth.”
Morgan Tucker works across major highway, transportation, civil engineering, structural, infrastructure and environmental consultancy projects. The business employs 100 people, fourteen of whom are based in Nottingham and 50 in Newark, working on projects throughout the UK, Europe and the Middle East.
Nottingham-based advisers on the transaction include Mark Rutherford of Gateley LLP, Bill Eastwood of Eastwood Anglo, Austin Moore of Austin Moore LLP and James Bagley of Smith Cooper.
Picture caption: From the left - Steve Hall, Director at Morgan Tucker, Matthew Tucker, Managing Director at Morgan Tucker and Seb Saywood, Senior Investment Manager of Foresight Nottingham FundBack