Pacifica is pressing ahead with growth plans
A Wearside-based home service repair firm is aiming to create 50 jobs – thanks to a substantial new finance package.
Pacifica Group, which is based at Rainton Business Park and is the UK’s largest independent home services repair company has put together an investment package from HSBC.
The funding will provide Pacifica with facilities to support ongoing trading and future growth initiatives, as well as a targeted merger and acquisition strategy.
After successfully navigating the lockdown periods, with this financial support Pacifica will now forge ahead with its mergers and acquisitions strategy.
Pacifica’s strategy will see the group recruit new engineers to satisfy the increasing demand for its services, creating a further 50 new jobs in the coming years.
Kevin Brown, Pacifica Group CEO, said: “The business performed remarkably over the past 12 months during a challenging period.
"We have seen record revenue levels in the months following the easing of lockdown restrictions, and trading has remained at record levels this year.
"With HSBC UK’s support, the business has continued to invest in its people and infrastructure, enabling us to make two acquisitions last year as well as pick up a number of new clients that have seen the value in our resilience and ambition.”
Ben Foster, relationship director at HSBC UK, added: “We’re pleased to be supporting Pacifica Group and have been happy to see them navigate through the pandemic.
"The business has a strong track record of growth and we look forward to seeing it achieve its ambitious goals.”