August 2, 2019
M&A, Debt advisory
GCA Altium advises The Great Annual Savings Company on growth investment from Tosca Debt Capital
GCA Altium has advised The Great Annual Savings Company (GAS) on raising a growth investment from Tosca Debt Capital.
Founded in 2012 by CEO Brad Groves, GAS provides cost-saving consultancy services to UK and Ireland based SMEs, including energy procurement, energy management, water, telecoms, insurance and fire safety. The business serves more than 6,000 customers and is headquartered in Seaham, UK. The investment will enable GAS to continue its impressive growth trajectory, further penetrating the SME energy intermediary market and facilitate an exit for early-stage private investor shareholders.
Tosca Debt Capital, headquartered in Manchester, UK, is a leading debt fund, providing debt capital to support the growth plans of some of the UK’s most ambitious businesses.
Adrian Reed, Managing Director at GCA Altium, said: “Great Annual Savings has grown into a market leading provider of cost-saving services to UK SMEs. This success has been built upon a unique company culture that runs throughout the team in everything they do. It has been a pleasure to have worked with Brad, Matt and everybody involved to achieve this investment which will enable significant further growth and ongoing success.”
Brad Groves, CEO of GAS, said: “The group’s new partnership with Tosca represents a significant milestone in our exciting journey. The investment will facilitate significant growth plans over the next 12 months and help us work towards our vision of becoming the leading UK provider of great cost savings to businesses. I would like to personally thank all parties involved in this process and we look forward to working with the team at Tosca on our next phase of growth."