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Think Hire, sustainable investment, ESG, series a, series b, management buyout, buyout fund, yfm private equity

ThinkHire

Asset rental of relocatable renewable power equipment to the construction and infrastructure sectors

Website
thinkhire.co.uk
Sector
Business Services / Capital Goods
YFM investment
Undisclosed
Investment date(s)
2022
Deal type
Buyout
Location
Manchester

"Our company’s mission is to provide innovative, cutting-edge products, to meet the UK infrastructure sector’s demand for cleaner, greener, and more cost-effective off-grid power generation. The net-zero commitments being put in place across the infrastructure industry means there is a demand for an alternative solution to traditional diesel generators, and we are proud of the part we are playing in supporting this transformational ESG agenda. YFM’s investment will allow us to unlock the business’ full potential."

Neil Richardson, MD

Key Information

The Business

Established in 2018, Think Hire, a division of Think Energy Group, develops, manufactures, and distributes relocatable renewable power solutions tailored to the UK infrastructure and construction sectors. The company’s innovative offerings, such as the Solartainer Versatile solar hybrid generator, deliver environmentally friendly and cost-effective alternatives to traditional diesel-powered solutions. By prioritising sustainability and leveraging advanced technologies, Think Hire helps clients achieve their Environmental, Social, and Governance (ESG) objectives.

A key differentiator is Think Hire’s partnerships with industry leaders like Tharsus for outsourced manufacturing and Galooli for software-driven remote monitoring, management, and reporting solutions. These collaborations ensure high-quality production and cutting-edge operational insights, enabling superior efficiency and performance.

Why We Invested

YFM Equity Partners invested in Think Hire in December 2022 to fuel its growth in the renewable energy market and support its mission to drive sustainability across key sectors. Think Hire’s ability to provide cleaner, greener, and cost-effective off-grid power aligns seamlessly with YFM’s focus on enabling businesses to meet pressing ESG targets while fostering innovation.

Growth Potential

With YFM’s investment, Think Hire, a division of Think Energy Group, is positioned to achieve key milestones:

  • Asset Expansion: Growing its hire fleet and expanding sales of renewable energy systems, to meet increasing demand for sustainable energy solutions
  • Geographical Reach: Establishing a new depot in St. Albans as a fully operational second site, ensuring enhanced service delivery across southern England.
  • Technological Advancements: Strengthening its integration of remote energy and asset management capabilities through Galooli’s software platform to deliver data-driven insights to clients.
  • Strategic Partnerships: Leveraging its manufacturing collaboration with Tharsus to scale operations and maintain a strong focus on quality and innovation.

Impact and Future Plans
Think Energy Group continues to support major infrastructure projects, helping clients achieve net-zero targets with sustainable energy solutions that reduce carbon emissions and cut costs. The recent establishment of the St. Albans depot marks a significant step in scaling operations and enhancing service levels. Looking ahead, the company plans to deepen its investment in product innovation and further solidify its leadership position in the renewable power sector.