28 Nov 2019
BGF Invests In bf1systems
BGF has invested £2.4m in bf1systems, the market-leading provider of electronic and electrical solutions for the motorsport and automotive industries.
The minority investment from BGF will support bf1systems’ long-term growth strategy, including the expansion of its product offering and development of new partnerships.
Adam Robson, Chair of BGF-backed composites manufacturer Prodrive Composites, will join the board as non-executive Chair, following an introduction from BGF’s Talent Network, the UK’s largest pool of board-level non-executives.
Graham Peel, Managing Director of bf1systems, said: “This is excellent news for the team here, testament to the hard work of so many since the business first began 25 years ago. We are proud of our heritage, the partnerships we’ve built and, of course, our high quality, reliable and cost-effective products that makes bf1systems the supplier of choice for so many in the motorsport and automotive sectors.
“Having BGF’s funding and support for the next stage of our growth journey is fantastic, with a team that understands our ambition and shares our vision for the business. We are also delighted to welcome Adam to our board. His experience and connections will really bolster our own as bf1systems enters this next chapter.”
Hugh Costello, an investor at BGF who will join the board of bf1systems, said: “A long-standing and well-respected member of the motorsport community, bf1systems has built an excellent reputation and fantastic track record. We’re excited to be partnering with the business and supporting management’s future growth plans.”