Deal Summary

Client location:

Hartlebury, Worcestershire, UK

Acquirer:

Foresight Group

Sector:

Industrial Distribution

Sub-sector:

Electric Motors, Gearboxes & Inverters

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TEC Motors

By

Graeme Browne

Last Update

4 min read

TEC Motors case study

Specialist Distributor of Motors, Gearboxes & Inverters

Founded in 2006 by Scott Edwards, Tina Edwards and Gareth Richardson, with the support of Martin Knott, TEC has grown into a leading UK distributor of electric motors, gearboxes and inverters. From its headquarters in Worcestershire, the business serves a diverse customer base across multiple industrial sectors.

TEC has built a trusted reputation grounded in deep technical expertise and exceptional service. Its sales and technical services teams possess specialist knowledge in motor efficiency, reliability and performance optimisation, complemented by expertise in gearbox and inverter systems that enhance operational output. As regulatory standards tighten and net-zero commitments drive demand for greater energy efficiency, TEC is well positioned to support UK industry through its enhanced product range and customer-focused approach.

Supporting Expansion in an Evolving Energy Landscape

The transaction was driven by growth ambitions. TEC’s shareholders sought an investment partner to support the next phase of expansion, broaden its product and service capabilities and strengthen its market-leading position in an evolving industrial landscape.

A Reliable Partner in a Regulated Energy Environment

TEC operates within a specialised and technically demanding market. Its differentiation lies in its ability to combine extensive product availability with tailored technical support and uniquely modified solutions. The business is recognised for reliability, responsiveness and a deep understanding of energy efficiency requirements.

With increasing pressure on businesses to improve energy performance and meet environmental standards, TEC’s expertise in efficient motor systems and complementary products positions it as a critical partner to industrial operators across the UK.

“TEC is a long-standing, independent distributor in a specialised market. It has grown successfully and built a strong reputation for technical expertise and reliability. We look forward to supporting the team in their next phase of growth.”

Lindsay Duebendorfer, Investment Director, Foresight Group

Aligning Growth Ambitions with Private Equity Backing

KBS Corporate Finance, led by Managing Director Dave Gardner alongside Mughees Saleem and George Dalton, advised TEC throughout the transaction.

KBS invested significant time in understanding both the commercial strengths of the business and the personal objectives of the shareholders. The team positioned TEC as a high-performing, technically differentiated distributor operating in a resilient market underpinned by long-term regulatory and environmental drivers.

A targeted process engaged investors with experience in supporting ambitious UK businesses. Ensuring the right cultural and strategic fit was central to negotiations, with KBS focused on identifying a partner capable of accelerating growth while preserving TEC’s strong service ethos and customer relationships.

Building the Next Chapter of TEC’s Journey

TEC secured substantial private equity investment from Foresight Group, providing the capital and strategic support required to drive its next stage of growth.

As part of the investment, Jonathan Rhodes has been appointed Chief Finance Officer, bringing decades of relevant experience, and Duncan Cooper joins as Chair following a distinguished career in the industrials sector. The strengthened leadership team will support TEC’s ambitions to deepen its product offering and enhance service capabilities nationwide.

“We are delighted to partner with Foresight, a firm with a track record in backing ambitious UK businesses. With Foresight’s investment, we are enhancing our services and deepening our product range to help drive energy efficiencies and operational excellence for our customers. We are excited for the next chapter of TEC’s journey.”

Scott Edwards, CEO, TEC

Why Foresight Invested in TEC

Foresight was attracted by TEC’s established market position, technical expertise and consistent track record of growth within a specialised distribution sector. The company’s strong reputation for reliability and its exposure to structural demand drivers, including energy efficiency and net-zero commitments, made it a compelling investment opportunity.

Foresight’s experience in backing ambitious UK businesses aligns with TEC’s growth strategy and provides a platform for further expansion.

“TEC is an incredibly successful business built upon exceptional technical knowledge, premium levels of service and a collaborative culture. From early in the process, we took time to understand both the commercial and personal aspirations of the shareholders. Partnering with Foresight was a clear choice as TEC continues this exciting new chapter.”

Dave Gardner, Managing Director, KBS Corporate Finance

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