Matrix Raises £10M from LDC

Matrix, a Manchester, UK-based provider of building energy management systems and consultancy services, secured £10m in equity funding from LDC, which took a significant minority stake in the company.
Matrix, which operates a UK-wide network of regional offices, received additional bank funding from HSBC.
The investment will allow the company to pursue an acquisition-led strategy backed by LDC to create a market-leading service provider in the £850m energy management sector.
Several complementary businesses have already been identified, with a maiden acquisition expected to follow within the coming months.


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