Phil McClennon

Phil McClennon

Former Global Strategy Director (Thyssenkrupp)


Phil has been pivotal in building car factories and industrial plants around the world for global brands such as Jaguar Land Rover and ThyssenKrupp before recently leading an engineering and FM company for private equity


To build a “digital-first” engineering services group, delivering service and technical innovation to a sector which has lagged behind others in terms of digitisation.

The group is looking to lead on high-grade technical electrical & engineering labour projects throughout the UK & Europe across industries such as e-commerce warehousing & fulfillment, automotive manufacture, food & beverage manufacture, aviation and critical infrastructure

Transaction type

  • Minority Investment
  • Advisory MBI – Management Buy-In
  • Advisory M&A – Buy-build acquisitions for group


  • Arrangement of flexible acquisition facilities from US-backed BeachPoint Capital
  • Carve-out acquisition of Levertech HV (now rebranded Hardtech HV), a NERS accredited High Voltage Independent Connection Provider – delivering turnkey design and build of sub-station and new connection infrastructure for industrial, construction and renewable schemes
  • Pipeline of 4 further active targets

How did IC help?

  • Research

  • Outreach

  • Negotiation

  • Deal Structuring

  • FDD & LDD project management

  • Fundraising – senior debt & mezzanine

  • Post-deal board support

  • Stakeholder management of funders

  • Succession planning

  • Rolling acquisition targeting/planning


The process of working with Independence has been genuinely insightful. We have made great strides in a short period of time and I have been encouraged by both the quality of assets we have found as much as I have been by the commitment and ingenuity evident in reaching solutions to complex problems. I am pleased to have found a genuine business partner who I look forward to working with as we develop the group.

Get in touch

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