PwC advises Everflow on its investment from BGF

July 2026

The PwC Deals team is pleased to announce it has advised Everflow, one of the UK's fastest-growing business utilities providers, on its investment from BGF.

Founded in 2015 as an intermediary between water wholesalers and commercial customers, Everflow has evolved into a nationwide, multi-utility provider serving more than 120,000 premises. Its expanded offering, which includes waste management and connectivity services, allows SMEs to manage multiple business utilities through a single provider relationship.

The funding round will support Everflow's expansion across the UK, enable diversification into new sectors through customer growth and M&A, and expand its 250-strong team. It will also accelerate Eveflow’s digital transformation journey, including AI adoption across internal business processes and platforms.

As a PwC Deals team we provided Corporate Finance, Debt & Capital Advisory, Financial Sponsor Coverage, Financial & Tax Due Diligence and Deals Insight & Analytics services.

Team

  • The Corporate Finance team comprised Charlotte Tracy, Kate Campbell, Sam Webb, Jamie Hossain, Yanjun Zhou and Manisha Sharma.
  • The Debt & Capital Advisory team comprised Ben Johnson, Amar Jawanda and Matthew Tatton.
  • The Financial Sponsor Coverage team comprised Johnny Colville and Sophie Jones.
  • The Financial and Tax Due Diligence teams comprised Joel Smith, Kevin Barnard, Sophie Atkinson, Jonny Bruce, Sarah Petrie Hay, Richard Podd, Justin Cooper and Owen Burn.
  • The Deals Insights & Analytics team comprised Dan Stott, Nazia Khalfey, Marone McKie, James Whitlock and Heather Walton.

“This investment comes at an exciting inflection point for Everflow, providing the platform to accelerate our growth ambitions as we enter the next stage of our journey. PwC has been a trusted adviser throughout the transaction, offering commercial insight, strategic guidance, and unwavering support from start to finish. Their collaborative approach and deep understanding of our business and growth aspirations were invaluable in helping us achieve a successful outcome.”

Craig Dallison,CEO, Everflow

“We are delighted to have supported Everflow on this significant milestone in its growth journey. The transaction demonstrates the strength of our integrated Deals platform at PwC and what can be achieved by combining deep regional relationships with specialist expertise from across PwC. It has been a pleasure working alongside Craig and the wider Everflow team, and we look forward to seeing the business continue its impressive growth trajectory.”

Charlotte Tracy,Head of Regional Corporate Finance, PwC

Contact us

Charlotte Tracy

Charlotte Tracy

Head of Regional Corporate Finance, PwC United Kingdom

Tel: +44 (0)759 585 0085

Kate Campbell

Kate Campbell

Director, Corporate Finance, PwC United Kingdom

Tel: +44 (0)7701 295738

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