CPMS secures funding to support continued growth
6 August 2018
Collaborative Project Management Services (CPMS) has secured private equity funding from YFM Equity Partners (YFM) to support continued growth, extend its service offering to incorporate more onsite works, and transfer their skills from rail into other sectors such as highways and water.
CPMS provides a range of services including programme management, commercial management, safety assurance and environment, enterprise asset management, engineering and construction and design -originally specialising within the rail industry across all disciplines.
CPMS has built a strong reputation for excellence and is one of only seven companies to be awarded top marks under Network Rail's Performance Supplier feedback process through the delivery of complex projects such as the Great Eastern Re-electrification.
Over the past five years CPMS has grown quickly to nearly £10m per annum of revenue and over 60 highly qualified members of staff, developing a strong reputation for delivery and service. YFM is an independent private equity business with an impressive track record of helping companies grow.
Mat Baine, MD and founder of CPMS said: "We believe that our success is down to providing well thought out client solutions by working collaboratively and professionally with our customers. We met various investors as part of this process and felt YFM offered the right skill set to help deliver our growth objectives as well as sharing a similar culture. We are looking forward to working with YFM and are excited to keep growing."
Jamie Roberts, Partner at YFM, added: "Rail is critical to the UK economy and CPMS are at the forefront of delivering projects needed to keep the railway running efficiently. The CPMS team have done a great job in building the business and we were very impressed with the reputation they have developed for delivering complex projects on time and underbudget. We look forward to working with the team on the next stage of its development".