The Harris Pye Engineering Group

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The Harris Pye Engineering Group - overview

Established

1977

Location

-, -, UK

Primary Industry

Business Support Services

About

The Harris Pye Engineering Group is a UK-based company that excels in the repair, maintenance, and installation of critical engineering systems across various industrial sectors, emphasizing sustainability and energy efficiency. Founded in 1977 in the UK, The Harris Pye Engineering Group specializes in engineering solutions for marine and offshore industries. The firm was acquired by Joulon, a portfolio company of KKR, in December 2017. The company operates globally, with significant offices in Europe, Asia, and the Middle East.


The current CEOs are Benjamin Galacho and Dean Bell. Harris Pye specializes in the repair, maintenance, upgrade, and installation of boilers, heat transfer systems, and associated equipment. The company serves various industries, including marine, offshore, and energy-from-waste, focusing on enhancing energy efficiency while minimizing environmental impact. Its global client base includes shipping companies and industrial manufacturers, with tailored solutions addressing the needs of each region's industrial landscape.


In 2023, The Harris Pye Engineering Group reported a revenue of GBP 75,088,455. 10 and an EBITDA of GBP 7,228,188. 60. The company engages in service agreements for equipment repair and maintenance, along with installation contracts that foster long-term partnerships and operational support.


The Harris Pye Engineering Group plans to leverage its recent funding of GBP 2. 5 mn from the Seed round led by the Development Bank of Wales to design new products aimed at enhancing energy efficiency in 2024. The company also intends to expand its operations into new markets such as North America and Asia by 2025, further solidifying its presence in the global engineering sector. This strategic move aligns with the company’s goal to address the growing demand for sustainable engineering solutions.


Current Investors

KKR, Joulon

Primary Industry

Business Support Services

Sub Industries

Engineering, Facilities & Maintenance Services, Oil & Gas Equipment and Services

Website

www.harrispye.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

The Harris Pye Engineering Group - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedThe Harris Pye Engineering Group-

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