It has been a pleasure to work with NVM since 2007. Since the investment NVM has shown ongoing strategic and financial support allowing Promanex to take advantage of new market opportunities.
Mark Dixon established the Promanex Group in 1996 and embarked on a strategy to create a robust and valued business model.
At that time the group consisted of Promanex and Thermal Energy Construction which provided Total Facilities Management (TFM) services to the power generation and general industrial sectors.
In 2002, Promanex acquired Jefco, specialist provider of cleaning and civil engineering services. In 2007, NVM invested £ 5m to support a secondary buy-out of Promanex and provided additional working capital to allow the management team to take advantage of new market opportunities.
Shortly after the buy-out, NVM invested a further £3.5m to fund a rebranding exercise to unite Jefco, Promanex and Thermal Energy Construction under the one banner — Promanex Group. the group now offers a range of construction, maintenance, TFM, environmental, civial and industrial services to the petrochemical, power generation, nuclear and manufacturing industries.
In 2011, Promanex was successfully sold to Costain, one of the UK’s leading engineering solutions providers.
Outsourcing is increasingly prevalent in the industrial sector and Promanex’s specialist knowledge in power generation and petrochemicals means that we are well placed to take advantage of market demand.