Initial investment: 09/03/2022
Sector: Business Services
Fund: Buyout Fund IV
Strategic Growth Plan
- Build on the business’ strong momentum in the West Midlands by further developing a land-led proposition for customers
- Grow the business’ footprint through targeted expansion into the East Midlands region
- Utilise our leading ESG framework to help the business develop its already strong ESG credentials, including a focus on continuing to innovate in Modern Methods of Construction (MMC)
- Expand the senior management team to add additional bandwidth and support with delivery of a number of performance optimisation projects in the business
Clive and his team have grown Morro into a trusted, valued and longstanding partner to housing providers in the Midlands with an enviable reputation for quality and delivery.
With a growing demand for affordable homes, our backing will enable Morro to support more local authorities and registered providers as they seek to ease the housing crisis, further demonstrating the positive impact private equity can have on the economy and society.
The addition of Chris and Matt to our leadership team and the backing of an investor with an excellent track record in our market marks the start of an exciting period of growth for Morro, presenting new opportunities for our fantastic employees, suppliers and customers.
Palatine have a deep understanding of our market and the expertise to further develop our already strong ESG credentials, at a time when this is of growing importance to our customers across the public and social housing sectors.
Chief Executive Officer – Morro