Private equity and infrastructure investment manager Foresight Group has led a £3.8 million investment into ‘The Electric Heating Company’ in High Blantyre.
Founded in 2005 and based at Third Avenue, Blantyre Industrial Estate, EHC is a distributor of electric boilers, heaters and water cylinders to housing associations, residential developers and private homeowners across the UK. The company plans to launch its first range of air source heat pumps this year.
Bill Walters, managing director at The Electric Heating Company, said: “EHC has witnessed significant growth across our established customer base.
“We are committed to seizing market opportunities as the UK moves towards a Net Zero Carbon future. It was important that we chose a partner with the vision and energy to assist our growth and we look forward to working with the Foresight team.”
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