Business Growth Fund's investment will be used by construction and plant equipment supplier Hawk Group to expand its fleet.
Business Growth Fund (BGF), the UK government-mandated growth equity fund backed by five of the country’s banks, has invested £8m ($11.9m) in industrial equipment hiring company Hawk Group.
Founded in 1974, Hawk hires out bulk earthmoving, site remediation and agri-tractor equipment to customers working in the agricultural and construction markets. The investment will support the growth of Hawk’s fleet and an expansion into sectors such as quarrying.
Hawk CEO Mike Hawkins said: “Given the level of investment in large scale…
