UK’s digital bank OakNorth recently announced that it provided a flexible revolving credit facility to OUTCO, a technology-powered provider of outdoor estate maintenance services, after the business’s strategic investment by Perwyn, a European private equity firm. With more than 20 years of experience, OUTCO claims that it offers a smarter, significantly more efficient way for clients to effectively maintain and manage outdoor assets.
Its so-called “unique,” completely integrated service aims to bring together several different solutions such as asset and environmental maintenance, grounds care, fencing, access control, as well as winter gritting in order to ensure “comprehensive” estate safety, compliance, and commercial efficiency.
As mentioned in the announcement from OakNorth, OUTCO says that it delivers a complete service offering across grounds, surfacing, winter, and infrastructure.
From gritting and snow clearance to pothole repairs, line marking, and vegetation management, the firm reportedly aims to ensure the safety, compliance, and performance of clients’ outdoor estates, “day in and day out.”
Positioned as a key player in outdoor facilities management, OUTCO reportedly uses a unified, data-driven model to improve asset lifecycle management, ensure adequate compliance, and simplify operational complexity — providing
“real value” to clients nationwide.
Currently serving more than 700 clients across various sectors like retail, logistics, healthcare, education, as well as critical infrastructure, OUTCO offers targeted solutions that intend to ensure year-round site safety, operational continuity, as well as ensuring regulatory compliance.
Jason Petsch, CEO of OUTCO, commented that they are pleased to work with OakNorth – their funding will support their everyday cashflow and enable them to focus on their plans for consolidated service line expansion to position OUTCO as the “go-to” provider in the outdoor facilities management industry.
Petsch added that OUTCO will continue to focus on improving asset lifecycle management, enhance compliance measures, while minimizing maintenance complexity.
Stuart Blair, Senior Director of Debt Finance at OakNorth, has said that OUTCO is the kind of business they intend to support –describing it as being mission-critical and tech-enabled.
Blair further claimed that the business benefits from a relatively strong customer retention rate and they now expect that OUTCO will continue to scale its platform across the United Kingdom, and provide further earnings expansion via an M&A program.
