• With nearly 20 years’ history, TEC is a seasoned and trusted distributor known for its reliability and team expertise
• TEC’s products support a diverse range of industrial and commercial applications
• Efficiency regulations and sustainability targets are driving industrial demand and upgrades
• Foresight continues to deploy capital from its 13 regional offices throughout the UK and Ireland
  

Cambridge, 04 September 2025: Foresight Group (“Foresight”) a leading regional private equity and infrastructure investment manager, has announced a £7.0 million investment into Spartan Motor Holdings (“TEC” or the “Company”), a well-established distributor of low-voltage electric motors, gearboxes and inverters.

TEC was founded in 2006 by Scott Edwards, Tina Edwards, and Gareth Richardson. Over the past 20 years they have built a well-established and trusted brand in the UK, with the support of Martin Knott. TEC serves a diverse range of industries, including distributors, machine-building OEMs, HVAC OEMs, rewinders, and manufacturers of pumps and hydraulic systems. The team are experts in their field and operate from a well invested 90,000 sq. ft. facility in Hartlebury, Worcestershire and satellite site in Sheffield. 

TEC is known for its reliability, extensive, quality inventory, and commitment to customer service. The Company’s sales and technical services team possesses deep expertise in motor efficiency and reliability, a key differentiator given the range of applications across industries. Regulatory standards and Net Zero commitments are fuelling demand for more energy-efficient electric motors, along with gearboxes and inverters that enhance performance.

Looking ahead, TEC is committed to its long-standing customer base, ensuring availability and service levels remain high, as well as enhancing its complementary products and services.

As part of Foresight’s investment, Jonathan Rhodes has been appointed as Chief Finance Officer, bringing decades of relevant experience to TEC, and Duncan Cooper joins as Chair after a distinguished career in the industrials sector, including over 30 years as MD at Grundfos, a global leader in advanced pump solutions and Chair for several private equity-backed SMEs.

Scott Edwards, CEO of TEC said: “We’re delighted to partner with Foresight, a firm with a track record in backing ambitious UK businesses. With Foresight’s investment, we’re enhancing our services and deepening our product range to help drive energy efficiencies and operational excellence for our customers. We’re excited for the next chapter of TEC’s journey.”

Lindsay Duebendorfer, Investment Director at Foresight Group, commented: “TEC is a long-standing, independent distributor in a specialised market. It has grown successfully and has built a well-deserved, strong reputation for technical expertise and reliability. We look forward to supporting the team in their next phase of growth.”

ENDS

Advisers to the Company: 
Corporate Finance: KBS Corporate Finance
Legal Advice: Lecote Technology Lawyers

Advisers to Foresight:
Financial DD: Saffery
Legal Advice: Birketts
Management DD: Confidas
Insurance DD: Lockton
Cyber DD: Third Party Cyber Security
Commercial DD: PMSI
Recruitment: Bailey Fisher

Financing:
Virgin Money

Notes to Editors

For more information contact: 
Chris Barry, Influential: Barry@thisisinfluential.com / +44 (0)7733 103 693
Foresight Group: marketing@foresightgroup.eu