TEi Ltd, a Wakefield-based industrial services provider, entered administration on 7 March and was acquired by Titan Bidco Limited. The sale, completed by administrators Kristian Shuttleworth and Clare Boardman of Teneo Financial Advisory, ensures business continuity and secures more than 200 jobs.
Titan Bidco is a sister company to Rainham Industrial Services, a national provider of industrial repair, maintenance, and site installation services, backed by global investment firm H.I.G. Capital. TEi Ltd serves industries including oil and gas, power generation, steelmaking, and chemical processing, offering design, supply, repair, and maintenance services.
