OakNorth Bank provides £7m facility to TriConnex and eSmart Networks to support working capital and future growth.
OakNorth Bank, the neobank for entrepreneurs, by entrepreneurs, has provided a £7m working capital facility to TriConnex and eSmart Networks to support working capital and future growth.
Both companies were acquired in February 2023 by FitzWalter Capital, the global private investment firm, from Nexus Infrastructure plc.
About TriConnex and eSmart Networks: Previously part of AIM listed Nexus Infrastructure plc, TriConnex is a leading provider of multi-utility services, including electricity, water, gas, fibre and EV charging, and eSmart Networks, is a fully accredited Independent Connections Provider, delivering the decarbonisation of the UK transport and energy systems. Established in 2011 and with offices in Essex, Leicester and Bristol, TriConnex works closely with residential developers and SME housebuilders to offer end-to-end multi-utility solutions. Recently launching their new Grid Dynamix Service, TriConnex are further set to support developers in finding, capturing, and keeping the electrical connections they require for their live project pipelines. Also founded by experienced business leader, Mike Morris, eSmart Networks design, supply, and install EV charging infrastructure, including grid connections, charger installations, civil engineering components, and battery storage solutions. In addition, the business connects solar, wind, and other renewable energy sources to the electricity network, whilst also designing and building the on-site high-voltage electrical infrastructure required to get these renewable energies to the grid.