TEC Electric Motors receives £7.0m million investment from Foresight Group
Private equity and infrastructure investment management company Foresight Group has announced a £7.0 million investment into Spartan Motor Holdings, known in the UK as TEC electric Motors, a well-established distributor of low-voltage electric motors, gearboxes and inverters.
TEC Electric Motors (TEC) was founded in 2006 by Scott Edwards, Tina Edwards, and Gareth Richardson. Over the past 20 years, they have built a well-established and trusted brand in the UK, with the support of Martin Knott. TEC serves a diverse range of industries, including distributors, machine-building OEMs, HVAC OEMs, rewinders, and manufacturers of pumps and hydraulic systems. The team are experts in their field and operate from a well-invested 90,000 sq. ft. facility in Hartlebury, Worcestershire and a satellite site in Sheffield.
TEC is recognised for its reliability, extensive quality inventory, and dedication to customer service. The Company’s sales and technical services team possesses deep expertise in motor efficiency and reliability, a key differentiator given the range of applications across industries. Regulatory standards and Net Zero commitments are fuelling demand for more energy-efficient electric motors, along with gearboxes and inverters that enhance performance.
Looking ahead, TEC is committed to its long-standing customer base, ensuring availability and service levels remain high, as well as enhancing its complementary products and services.
As part of Foresight Group’s investment, Jonathan Rhodes has been appointed as Chief Finance Officer, bringing decades of relevant experience to TEC, and Duncan Cooper joins as Chair after a distinguished career in the industrials sector, including over 30 years as MD at Grundfos, a global leader in advanced pump solutions and Chair for several private equity-backed SMEs.
Commenting on the investment, Scott Edwards, CEO of TEC, said: “We’re delighted to partner with Foresight, a firm with a track record in backing ambitious UK businesses. With Foresight’s investment, we’re enhancing our services and deepening our product range to help drive energy efficiencies and operational excellence for our customers. We’re excited for the next chapter of TEC’s journey.”
Lindsay Duebendorfer, Investment Director at Foresight Group, added: “TEC is a long-standing, independent distributor in a specialised market. It has grown successfully and has built a well-deserved, strong reputation for technical expertise and reliability. We look forward to supporting the team in their next phase of growth.”
tecmotors.co.uk
www.foresight.group
