Triconnex LTD
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Triconnex LTD - overview
Established
2011
Location
-, -, UK
Primary Industry
Power & Utilities
About
Based in Essex, UK, and founded in 2011, Triconnex Ltd operates as a multi-utility company that offers utility services including installations of electric substations, water networks and connections in the residential market. The company was co-founded by Mick Hine and Chris Dore. In February 2023, FitzWalter Capital acquired Triconnex LTD from Nexus Infrastructure plc. Residential developers and home builders can utilise the company's services to connect electricity, water, gas, fibre, and EV charging to their projects.
The company provides utilities such as electricity, water, gas, fibre, and EV charging, as well as services such as installation of the electric substation, water networks and connections, fibre broadband lines, and EV charging stations across its scope areas.
Current Investors
FitzWalter
Primary Industry
Power & Utilities
Sub Industries
Engineering, Water & Sewer Utilities, Natural Gas Utilities, Electric Utilities, Fiber Optics, Cable Service Providers
Website
www.triconnex.co.uk
Verticals
Infrastructure
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Triconnex LTD - timeline of key events
Triconnex LTD - financials
| Fiscal Year Ended | Sep 30, 2013 | Sep 30, 2014 | Sep 30, 2015 | Sep 30, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 | Sep 30, 2024 | Mar 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 6,512,548 | 12,225,601 | 18,908,000 | 23,330,000 | 29,469,000 | 32,211,000 | 41,798,000 | 39,091,000 | 50,730,000 | 55,670,000 | - | - | - |
| % Revenue Growth (YoY) | - | 87.7% | 54.7% | 23.4% | 26.3% | 9.3% | 29.8% | (6.5%) | 29.8% | 9.7% | - | - | - |
| EBITDA (USD) | 597,360 | 2,212,417 | 2,701,000 | 2,938,000 | 3,640,000 | 3,908,000 | 4,756,000 | 3,874,000 | 5,684,000 | 5,919,000 | - | - | - |
| Operating Income (USD) | 570,338 | 2,156,075 | 2,608,000 | 2,819,000 | 3,490,000 | 3,742,000 | 4,319,000 | 3,400,000 | 5,302,000 | 5,568,000 | - | - | - |
| Operating Margin | 8.8% | 17.6% | 13.8% | 12.1% | 11.8% | 11.6% | 10.3% | 8.7% | 10.5% | 10.0% | - | - | - |
| % EBITDA Margin | 9.2% | 18.1% | 14.3% | 12.6% | 12.4% | 12.1% | 11.4% | 9.9% | 11.2% | 10.6% | - | - | - |
| NET Income (USD) | 446,947 | 1,714,166 | 2,148,000 | 2,257,000 | 2,837,000 | 3,126,000 | 3,912,000 | 3,500,000 | 4,623,000 | 4,955,000 | - | - | - |
| % Net Margin | 6.9% | 14.0% | 11.4% | 9.7% | 9.6% | 9.7% | 9.4% | 9.0% | 9.1% | 8.9% | - | - | - |
Triconnex LTD - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Triconnex LTD | - |
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Triconnex LTD - employee data
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